Funding Alert

Skill-Lync Raises $17.5M In Series A Round Led By Iron Pillar

• ByAyushi Ray     |    August 3, 2021

Edtech startup Skill-Lync raises $17.5M in Series A round led by Iron Pillar. The round also saw participation from Y Combinator and Better Capital. Binny Bansal (Co-founder of Flipkart), Sai Krishnamurthy (ex-Flipkart; Co-founder of Xto10X) and Rashmi Kwatra (Founder of Sixteenth Street Capital) joined as new investors. This is the largest Series A round by an edtech startup. Skill-Lynch will use the capital to increase the number of courses it offers, build out the next level of a strong management team, and expand the business to international markets.  Suryanarayanan P, Co-Founder and CEO, Skill-Lync, said the ever-increasing gap between what industries expect and what students learn during their engineering education has caused a “global shortage of high-quality engineering talent. The rapid adoption of new technologies by industries has also created a need for constant upskilling of engineering professionals”.

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,” said Sarangarajan V Iyengar, Co-founder, Skill-Lync.  This edtech startup has already worked with 800+ industry experts for creating existing course content and has a full-time team with extensive experience in industry to provide the students a world-class learning experience.Anand Prasanna, Managing Partner, Iron Pillar, said, “Engineering education and upskilling outside of computer science have seen very little digital disruption over the last two decades. This, combined with the daily application of engineering to create a space for students to learn and develop. 

 

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