- Skill-Lync, an engineering-focused edtech firm, has secured $17.5 million in Series A investment led by Iron Pillar.
- The funds will be used to enhance its training offerings, build out the next level of a competent management team, and expand into foreign markets.
- Skill-Lync provides excellent education by utilizing technology to provide students with the technical expertise needed to begin and thrive in their chosen professional pathways.
- The startup has partnered with 800+ industry professionals to create existing course material and has full-time personnel with substantial industry expertise.
Skill-Lync, an engineering-focused edtech firm, has secured $17.5 million in Series A investment led by Iron Pillar, a venture growth investor that supports global tech companies created in India. Y Combinator and Better Capital also participated in the round.
New investors include Binny Bansal (Co-founder of Flipkart), Sai Krishnamurthy (ex-Flipkart; Co-founder of Xto10X), and Rashmi Kwatra (Founder of Sixteenth Street Capital). This is an edtech startup’s biggest Series A financing.
How is Skill-Lync Planning to Use the Funds?
Skill-Lync plans to utilize the funds to enhance its training offerings, build out the next level of a competent management team, and expand into foreign markets.
According to Suryanarayanan P, Co-Founder, and CEO of Skill-Lync, the growing gap between what companies demand and what students learn throughout their engineering education has resulted in a crisis “There is a global scarcity of high-quality engineering talent. The increasing adoption of new technology by businesses has also generated a demand for engineering personnel to constantly upskill “.
“As a result, engineers who understand engineering basics and how they may be used to address real-world engineering issues using design and simulation technologies are in high demand.”
He went on to say that the edtech firm offers industry-relevant courses in mechanical, electrical, civil, and computer science engineering to students in India and throughout the world.
Skill Lync is an e-learning business that specializes in many different engineering courses. Using technology, the organization provides students with the technical skills needed to begin and thrive in their various professional pathways.
Skill Lync was established in 2015 and is headquartered in Chennai, India. The company’s platform provides a variety of educational content in the form of online courses developed by industry experts from across the world at a low cost, allowing students to improve their skills and knowledge in their various professional fields.
Skill-Lync provides excellent education by utilizing technology to provide students with the technical expertise needed to begin and thrive in their chosen professional pathways. Quality instructional information developed by industry professionals is provided online at a low cost through our platform throughout the world. Our subject-matter specialists will walk you through thorough study programs and assist you in gaining a better grasp of industry skills. You will also benefit from a collaborative learning atmosphere with classmates who are similarly motivated to achieve.
Focus on learning outcomes
“Skill-Lync will double concentrate on creating business relationships to anticipate future talent requirements, as well as building in-house high-end engineering teams to provide outstanding learning outcomes to our students,” stated Sarangarajan V Iyengar, Co-founder of Skill-Lync.
The startup has partnered with 800+ industry professionals to create existing course material and has full-time personnel with substantial industry expertise (with companies such as Bosch, Cummins, ABB, Samsung, and Accenture, among others) to give students a world-class learning experience.
“Engineering education and upskilling outside of computer science has witnessed relatively little digital innovation over the previous two decades,” said Anand Prasanna, Managing Partner at Iron Pillar. This, along with the ever-increasing need for real-world interdisciplinary engineering applications in today’s world, offers a once-in-a-lifetime chance to develop a multibillion-dollar worldwide firm with deep moats in this sector. This is also a good starting point for expanding into other related sectors.
“Surya, Sarang, and the rest of the Skill-Lync team have already created a fantastic product and substantial revenue in the business, with excellent growth and capital efficiency.” We consider ourselves fortunate to be able to join them on this journey.”