Skill-Lync, India’s largest engineering-focused edtech startup, announced raising $17.5 million in its latest funding round, the largest Series A funding by an edtech startup in the country this year.
The round was led by Iron Pillar, a venture growth investor that backs global tech companies from India, and participated by Y Combinator, Better Capital, and angel investors Binny Bansal, Sai Krishnamurthy, and Rashmi Kwatra.
The fresh capital raised will be used to increase the number of courses offered by Skill-Lync, build out next level of strong management team, and expand the business to international markets.
Launched in April 2018 by Suryanarayanan P (CEO) and Sarangarajan V (CTO), Skill-Lync provides job leading industry-relevant courses in the Mechanical, Electrical, Civil and Computer Science Engineering domains for students in India and other parts of the world.
Interdisciplinary and job-oriented courses in topics such as Electric Vehicle Design, Embedded Systems design, Autonomous Vehicle, Renewable Energy, Full-Stack Development, Data Analytics and Construction Project Management, ensure the alignment of the engineering talent pool with the needs of these industries.
Given its specialized digital delivery model, the platform has the highest course completion rates in these course categories, the startup said.
Skill-Lync has collaborated with 800+ Industry experts for creating their existing course content and has full-time people with extensive experience in the industry, with the likes of Bosch, Cummins, ABB, Samsung, and Accenture, to provide the students a world-class learning experience.
Suryanarayanan P, Co-Founder and CEO, Skill-Lync, said the ever-increasing gap between what industries expect and what students learn during their engineering education has caused a global shortage of high-quality engineering talent.
The rapid adoption of new technologies by industries has also created a need for constant upskilling of engineering professionals, he added.
“Hence, the need of the hour is to have engineers who have knowledge of both engineering fundamentals and how they can be applied to solve real-world engineering problems through engineering design and simulation tools,” he stressed.
“Skill-Lync’s ability to understand the demands of the industry through our deep industry partnerships and expert network, has allowed us to create technical content that matches the present and future requirements of industries across the globe,” he added.