Edtech, byteXL has raised USD 9 million in its latest funding round, led by Elevar Equity, with participation from Kalaari Capital and The Michael & Susan Dell Foundation. The investment builds on the existing investors’ earlier funding of the company in July 2024, supporting byteXL’s continued work to strengthen pathways from engineering education to employment and reaffirming their conviction in its vision and demonstrated ability to scale industry-aligned tech and AI skilling across India.
Founded by brothers Karun and Sricharan Tadepalli, byteXL works with engineering colleges to bring industry-relevant technology and AI learning into the college experience, giving more students opportunities to build practical skills alongside their degrees and translate their education into strong careers.
Speaking on the development, Karun Tadepalli, Co-Founder & CEO, byteXL, “This fundraise is a strong validation of the growth we have built at byteXL and the confidence our investors have placed in our business and the long-term opportunity. Over the last few years, we have grown from establishing our model with engineering institutions to building a scalable business in the skilling space. The continued backing from our existing investors reflects their confidence in our execution and the strength of the opportunity ahead. As we enter our next phase of growth, our focus will be on expanding our institutional footprint, deepening our technology and AI capabilities, and building byteXL into a larger and more impactful player in India’s technology education ecosystem.”
The company will use the new capital to expand its institutional footprint across India, strengthen its AI and technology-led learning platform, expand its academic and delivery capabilities, and develop new industry-aligned skilling programmes. byteXL plans to grow its presence from 40 institutions to 120 institutions over the next 2 years, while expanding its reach from 2 lakh students to 5 lakh students across 15 states of India.
A significant focus of the investment will be on market expansion, product and technology development, including AI-enabled learning and assessment, student analytics, personalised learning tools and other digital capabilities designed to improve learning outcomes at scale. byteXL will also deepen its academic and institutional partnership teams, enabling it to work with a larger network of colleges and reach more students while maintaining the quality of implementation and learner experience.
Sandeep Farias, Founder & Managing Partner, Elevar Equity, said, “Quality education and employability are among the highest-priority investments for EHs, particularly across Tier-2 and Tier-3 communities. What stands out to us is byteXL’s institutional integration and clear potential to build a highly scalable, differentiated platform that empowers the next generation of tech talent across non-metro India.”
