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The Week that Was: Indian Startup News Overview (02-06 August)
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Edtech start-up Skill-Lync raises $17 5 million in series A financing
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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
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