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The Week that Was: Indian Startup News Overview (02-06 August)

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

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

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). ....

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Iron Pillar invests $15 million in Y Combinator backed Skill-Lync

Iron Pillar invests $15 million in Y Combinator backed Skill-Lync
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Y Combinator-Backed Engineering Edtech Startup Skill-Lync Raises $17.5 Mn

Y Combinator-Backed Engineering Edtech Startup Skill-Lync Raises $17.5 Mn
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Skill-Lync offers courses in the traditional engineering streams such as mechanical, electrical, civil and computer science engineering
At present, it claims to have an overall user base of 20,000, of which 17,500 students are said to be from India
Chennai-based edtech startup Skill-Lync has raised $17.5 Mn in Series A round led by Iron Pillar. Existing investors Y Combinator and Better Capital also participated in this funding round. Apart from these funds, the startup has also received investments from Flipkart cofounder Binny Bansal, who is now the founder of startup scale-up consultancy Xto10X as well as Xto10X cofounder Sai Krishnamurthy and Rashmi Kwatra, founder of Sixteenth Street Capital, who have come on board as new investors. ....

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