Archive · 7 Oct 2026
byteXL Raises $9 Million to Expand Technology Skilling
byteXL helps engineering colleges teach students skills that technology employers need.
The company has raised $9 million from investors to grow this work.
Its lessons include hands-on technology and artificial intelligence learning alongside regular college classes.
byteXL says 7,600 of its graduates found IT or engineering jobs last year.
It plans to work with more colleges and reach more students over the next two years.
The company also plans to improve its learning tools and create new courses.
Its goal is to help more students turn their education into jobs and careers.
byteXL raised $9 million in a funding round led by Elevar Equity, with Kalaari Capital and The Michael & Susan Dell Foundation participating.
The company works with engineering colleges to integrate practical, industry-aligned technology and AI learning into students’ degree programmes.
byteXL says 7,600 of its graduates were placed in IT and engineering roles last year.
It plans to expand from 40 institutions to 120 and from 200,000 students to 500,000 across 15 states within two years.
The funding follows byteXL’s $5.9 million Series A round in July 2024, led by Kalaari Capital with Dell Foundation participation.
- Who
- byteXL, with funding led by Elevar Equity and participation from Kalaari Capital and The Michael & Susan Dell Foundation.
- What
- byteXL raised $9 million to expand its college-based technology and AI skilling business.
- When
- The announcement describes the raise as the company’s latest funding round; no date is specified.
- Where
- India, where byteXL works with engineering colleges, particularly in Tier 2 and Tier 3 cities.
- Why
- The company plans to expand its institutional reach, strengthen its learning platform and capabilities, and develop more industry-aligned skilling programmes.
- Funding raised
- $9 million
- Lead investor
- Elevar Equity
- Other participating investors
- Kalaari Capital and The Michael & Susan Dell Foundation
- Prior funding
- $5.9 million Series A round in July 2024
- Graduate placements
- 7,600 graduates placed in IT and engineering roles last year, according to the company
- Institutional expansion target
- From 40 institutions to 120 within two years
- Student reach target
- From 200,000 students to 500,000 across 15 states