Bytexl Raises $1Mn In Funding
The edtech is set to double its headcount and expand its operations to new geographies
byteXL, an experiential learning platform for IT career aspirants, has announced its strategic growth plans that include expansion of its operations into newer geographies that span Tamil Nadu, Odisha, and Karnataka, robust hiring plans of doubling the team to over 350 by March 2023, added senior members to the team including the Head of Operations, Head of Learning, Vice President for Sales and other senior members, and is on course for onboarding additional 90 institutes and 1,40,000 students by March 2023. Importantly, it also secured a strategic investment of $1 Million, in the ‘funding winter’, as part of its growth plan. While current Seed B Angel round funding is led by the existing Angel investor Joy Family Investments, other investors in the current funding round include Derek Missimo and 6 others.
The company has previously raised $200,000 in funding that was led by US-based investor - Joy Family Investment headed by Joseph Joy in 2021 who had earlier also invested in EdTech, Pharma, and healthcare companies. As a learning & skilling ed-tech platform, byteXL prepares IT Career Ready Engineers in the conventional coding languages and new-age technologies including Cloud, AI, ML, DevOps, FullStack Development and Cyber Security through a Hybrid Learning Platform and guided Career Accelerated program. Started with a team of 4, currently, byteXL has a strong team of 163 members comprising full-time and freelancers in product development (R&D), learning & development, instructors, content development, and other operations department, working with several institutes across many states in the country.
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