Edu tech Start up yteXL raises 200,000

The advanced eLearning platform with built-in IDE for online coding practice has an impressive 78% annual renewal rate. More than 42,000 students from over 55 colleges are very active on the platform with an engagement rate of over 75%.

ByteXL – one of the leading experiential learning platforms for IT career aspirants, announced that it has raised a US $ 200,000 seed fund as part of the Angel Cycle. Funding was raised from Mr. Joseph Joy, President of Joy Family Investments USA along with others. The funding will help byteXL with the ambition to drive updates to the e-learning platform (real-time online IDE, etc.), content improvements, sales team and marketing, the product portfolio as well as the geographic and segmental reach.

byteXL is an ed-tech development platform that helps learners acquire new skills and upgrade existing skills. The advanced eLearning platform with built-in IDE for online coding practice has an impressive 78% annual renewal rate. More than 42,000 students from over 55 colleges are very active on the platform with an engagement rate of over 75%. The startup has already partnered with Fortinet NSE, Leading India AI, Skysthelimit.org and GoDaddy Academy for program verification and certifications. With a 4-year engineering career preparation program, more than 6,000 students have found internships in the IT industry through byteXL training.

Describing the investment, Mr. Karun Tadepalli, CEO and Co-Founder of byteXL said, “We are delighted with investors’ belief in our vision to create an ecosystem that will help streamline the online education sector in India. Over the next 10 years India is likely to employ 16 million engineers and currently around 93% of engineering graduates in India are not sufficiently equipped to enter the IT industry. This is the reason why byteXL aims to increase the employability quotient of the country by allowing students to prepare their IT careers from the first day of their degree. The assistance of emerging technologies from industry experts will help graduates enter their first job with adequate skills and training for the job will speed up their onboarding process.

While sharing his vision of investing, Mr. Joseph Joy, President of Joy Family Investments, said: “Ed-Tech is an important aspect of an educational institution and we are convinced that the domain knowledge available the byteXL team is worth appreciating. The technical capacity and contribution of byteXL will help the platform to fill the gaps in the current ed-tech ecosystem through its inventive approach to make e-learning possible and become a significant market player in the space in coming years.

Mr. Sricharan Tadepalli, COO and co-founder of byteXL said: “The competition on the ed-tech platform only motivates us to create a better program for the next generation, as the majority of employees will need a significant amount of retraining and upgrading. evolve in today’s job market. Current funding will help propel our growth into new geographies and segments.

By 2025, India’s IT industry is expected to reach $ 300 billion. Upgrading / upgrading skills every 4 to 5 years is necessary to keep up with constantly evolving technologies. New Wave technology requires Cloud / DevOps, AI / ML, Fullstack / Cyber-security development, but a very limited number of engineering graduates can code to the industry standard. Here’s where byteXL helps fill the gap. byteXL helps students keep up with technological developments and thus meet the demands of the IT job market. In addition, byteXL contributes to increasing the employability index of the country


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Norma A. Roth