Skill-Lync raises $17.5 million from Iron Pillar, others
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Last Updated: Aug 03, 2021, 12:16 PM IST
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Synopsis
Edtech startup Skill-Lync will use the funding to increase the number of engineering courses it offers, as well as build its management team and for global expansion.
ETtech
Founded in 2018 by Sarangarajan V. Iyengar (left) and Suryanarayanan P., Skill-Lync provides industry-relevant courses for engineering students in India and other parts of the world.
Mumbai: Y Combinator-backed Skill-Lync, an engineering-focused edtech startup, has raised $17.5 million in a Series A funding round led by Iron Pillar.
While the India-focused venture capital invested $15 million, the remainder came from investors such as Binny Bansal (co-founder of Flipkart), Sai Krishnamurthy (ex-Flipkart; co-founder of Xto10X) and Rashmi Kwatra (founder of Sixteenth Street Capital).
Iron Pillar, Flipkart co-founder Binny Bansal, others pump in $17.5 mn in Skill-Lync
The capital raised will be used to increase the number of courses offered by Skill-Lync, build a strong management team and expand the business to international markets Skill-Lync raises funds from new and existing investors Anwesha Madhukalya
Updated Aug 03, 2021, 12:19 PM IST
Y Combinator-backed, engineering-focused edtech firm Skill-Lync raised $17.5 million from venture growth investor Iron Pillar, existing investors Y Combinator, Better Capital as well as new investors like Flipkart co-founder Binny Bansal, co-founder of Xto10X Sai Krishnamurthy and founder of Sixteenth Street Capital Rashmi Kwatra. Iron Pillar invested $15 million.
Iron Pillar invests $15 million in Y Combinator backed Skill-Lync techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
Allana Group invests $10m in Indian VC firm Iron Pillar Fund II
Photo: Pixabay
July 7, 2021
Venture growth investor Iron Pillar on Monday said it has received an investment of $10 million from Allana Group in its Fund II, which was launched in the April-June quarter.
Adil Allana, supervisory board member of Allana Group, will join Iron Pillar as a board partner. In 2017, Allana Group set up a corporate venture arm and has since made investments in e-commerce, grocery products, challenger brands, media and healthcare.
After deploying its $135 million first fund, Iron Pillar is raising a second fund from both new and repeat investors. It has made two investments so far – in CoreStack and Ushur. Both were warehoused for the fund before its launch.
150 year-old Allana Group invests $10 mn in Iron Pillar Fund II business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.