Indian Edtech startup Skill-Lync raises US$ 17.5 million in Series A funding

Based in Tamil Nadu, India, Skill-Lync is an e-learning education platform centred around mechanical engineering courses. It has raised US$ 17.5 million in Series A funding round held today, on August 3rd 2021. The financing round led by Iron Pillar, which is a global VC firm based in India, saw participation from Y Combinator and Better Capital. The startup also welcomed a fresh founder-base capital investment from Flipkart Co-founder Binny Bansal, Founder of Sixteenth Street Capital Rashmi Kwatra and Co-founder of Xto10X Saikiran Krishnamurthy.

Fund Utilisation

Skill-Lynch will utilise the funds acquired by notable investors to expand the number of courses it offers, build the upskilled, advanced, strong management team, and globalise the firm by landing its foot in the international educational markets. 

What the CEO has to say

Co-founder, Skill-Lync, Sarangarajan V Iyengar, said, “Skill-Lync will double down on developing corporate partnerships to understand future talent requirements, and build in-house high-end engineering teams to offer excellent learning outcomes to our students.”  

He added, “The rapid adoption of new technologies by industries has also created a need for constant upskilling of engineering professionals.”

What the Investors have to say

Managing Partner at Iron Pillar, Anand Prasanna, said, “Engineering education and upskilling outside of computer science has seen minimal digital disruption over the last two decades. This, combined with the ever-expanding need for real-world interdisciplinary applications of engineering in today’s world, creates a unique opportunity to establish a multibillion-dollar global company with deep moats in this space. This is also a vital beachhead for expansion into multiple adjacent areas.

Prasanna continued, “Surya, Sarang and rest of the Skill-Lync team have already built a great product and significant revenue in the business, with exceptional growth and capital efficiency. We feel privileged to have the opportunity to partner with them in this journey. Hence, the need of the hour is to have engineers who know engineering fundamentals and how they can be applied to solve real-world engineering problems through design and simulation tools.”

About Skill-Lync

The India-based company Skill-Lync was established in 2018 by Sarangarajan Iyengar and Suryanarayanan Paneerselvam. Skill Lync is an engineering-focussed e-learning startup that provides industry-relevant courses to students in India and Internationally in mechanical, civil, electrical and computer science engineering specialties. To learn more, check out their website at https://skill-lync.com/

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