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Edtech startup ByteXL bags $5.9 million funding in round led by Kalaari Capital

Economic Times

Economic Times · 1y ago

Edtech startup ByteXL bags $5.9 million funding in round led by Kalaari Capital

Edtech firm ByteXL has secured $5.9 million in funding, led by Kalaari Capital and the Michael and Susan Dell Foundation. The Hyderabad-based company plans to use the funds to expand its team, develop new products, introduce digital tools, and reach more colleges and universities across India. ByteXL partners with educational institutions and industry to integrate practical learning and curriculum for engineering students, offering training in software technologies such as programming, cybersecurity, and cloud technologies. The company has already partnered with over 26 colleges and trained over 100,000 students.

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ByteXL, Honestly, two others raise early-stage funding

VCCircle

VCCircle · 1y ago

ByteXL, Honestly, two others raise early-stage funding

Four startups recently secured funding. AI-powered beauty platform Honestly raised Rs 3.2 crore in pre-seed funding, led by Better Capital and with participation from QED Innovations and leaders from Flipkart, Polygon, and Cred. Edtech platform byteXL secured $5.9 million in Series A funding from Kalaari Capital and the Michael and Susan Dell Foundation. Protonas, specializing in low-cost PEM hydrogen fuel cell solutions, raised an undisclosed seed funding round led by Transition VC. Urban transit services provider MyPickup raised Rs 1.5 crore in a seed funding round led by Inflection Point Ventures.

Convin Bags $6.5 Mn To Help Enterprises With Sales Intelligence Solutions

Inc42 · 11m ago

Convin Bags $6.5 Mn To Help Enterprises With Sales Intelligence Solutions

Convin, a conversational intelligence platform, has raised $5 million in a Series A funding round led by Sequoia Capital India. The round also included participation from existing investors Kalaari Capital, Titan Capital Winners Fund, Sparrow Capital, and 100 Unicorns. Founded in 2020, Convin has experienced significant growth, serving over 80 clients, including major brands like Reliance Nippon, Puravankara, Titan, Thyrocare, and Lazypay. The company aims to help businesses improve customer interactions through its advanced conversational intelligence technology.

Edtech startup byteXL Bags $5.9 Mn To Boost IT Skill Offerings For Students

Inc42 · 1y ago

Edtech startup byteXL Bags $5.9 Mn To Boost IT Skill Offerings For Students

The startup byteXL, a B2B edtech platform based in Hyderabad, has raised funds to support team expansion and product development. Founded in 2019, the platform provides IT skills training to students through engineering colleges. byteXL boasts a record of over 1,500 students who have secured positions in top product-based companies, and more than 40,000 students who have been placed in companies such as Wipro, Infosys, and TCS.

SarvaGram Bags INR 565 Cr To Expand Its Lending Play

Inc42 · 8m ago

SarvaGram Bags INR 565 Cr To Expand Its Lending Play

SarvaGram, a lending tech startup, has raised INR 565 Crores ($67 million) in a Series D funding round led by Peak XV Partners. Existing shareholders, including Temasek, Elevar Equity, TVS Capital, and Elevation Capital, also participated in the round. The funding brings SarvaGram's total funding to INR 950 Crores.

Aviotron Bags Funding To Offer Experiential Learning To Students

Inc42 · 1y ago

Aviotron Bags Funding To Offer Experiential Learning To Students

Noida-based edtech startup Aviotron Aerospace has raised INR 4.96 Cr ($600K) in a Pre-Series A round led by Enrission India Capital. The funding will be used to expand the startup's operations across India. Aviotron Aerospace offers experiential learning programs to students in partnership with schools and aims to expand its reach to 28 states by the end of the year. The startup previously raised INR 2 Cr in seed funding and reported a profit of INR 50 Lakh on a revenue of INR 5 Cr in 2023. The Indian edtech sector has seen a decline in investor interest and funding.

OmniCard Bags $3 Mn Funding

Inc42 · 1y ago

OmniCard Bags $3 Mn Funding

OmniCard, a spend management startup, has raised $3 million in a pre-Series A funding round led by Ankurit Capital and Taisys. The company plans to expand its customer base from 2 million users to 10,000 enterprises by FY 2027. This investment also represents Taisys' first investment in an Indian startup.

Suraasa Bags $6 Mn To Upskill Teachers For Global Opportunities

Inc42 · 9m ago

Suraasa Bags $6 Mn To Upskill Teachers For Global Opportunities

Suraasa, an edtech startup offering competency-based skilling programs for teachers, has raised funding in a round led by Reach Capital. Other participants included ETS Capital, NB Ventures, TSM Ventures, and TRTL Ventures, among others. The funding will be used to expand globally, build its team, and enhance its technology infrastructure. Founded in 2017 by Rishabh Khanna, Suraasa aims to provide teachers with the necessary skills to thrive in today's education landscape.

AI-powered edtech startup Shaktimaan.ai raises $2M led by YCombinator, others

IndianStartupNews

IndianStartupNews · 1y ago

AI-powered edtech startup Shaktimaan.ai raises $2M led by YCombinator, others

AI-powered edtech startup Shaktimaan.ai has raised $2 million in a seed funding round led by YCombinator, Fundersclub, Goodwater Capital, Misbah and Nishchay (Founders of Jar), along with other angel investors.

MENA DIGEST: Saudi Arabian tech startups lead funding activity this week

VCCircle

VCCircle · 7m ago

MENA DIGEST: Saudi Arabian tech startups lead funding activity this week

Saudi Arabian tech startups led the MENA funding activity this week. Calo, a foodtech startup, raised $25 million in a Series B round, aiming for a $50 million extension and a 2027 IPO. The round was led by Nuwa Capital with participation from STV and others. Edtech startup YNMO secured $5 million, led by Wa’ed Ventures, to expand its AI-based rehabilitation services for children with disabilities, enhancing partnerships across the Gulf region.

Portl Bags $3 Mn From Bharat Innovation Fund To Scale Up At-Home Fitness Play

Inc42 · 1y ago

Portl Bags $3 Mn From Bharat Innovation Fund To Scale Up At-Home Fitness Play

Digital fitness startup Portl raised $3M (INR 25 Cr) in a round led by Bharat Innovation Fund, with participation from Kalaari Capital and T-Hub Foundation. The funds will enhance product development, market expansion, and AI capabilities. Founded in 2021, Portl designs personalized fitness routines using its AI motion engine, Portl Studio. The startup aims to broaden its product range and customer base, both in India and internationally.

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