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Edtech firm byteXL raises $9M as investors back college-linked AI skilling model

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Edtech firm byteXL raises $9M as investors back college-linked AI skilling model

Edtech company byteXL has raised $9 million in its latest funding round, led by Elevar Equity, an impact investor, with participation from existing investors Kalaari Capital, an early-stage VC, and The Michael & Susan Dell Foundation, a philanthropic foundation.

The Hyderabad-based startup’s latest round follows a $5.9 million Series A raised in July 2024.

byteXL, founded by brothers Karun and Sricharan Tadepalli, works with engineering colleges, particularly in Tier II and Tier III cities, to bring industry-oriented technology and artificial intelligence learning into students’ regular degree programmes.

Its business-to-business model (B2B) works through institutions instead of selling courses directly to individual learners. The company combines curriculum, practical projects, technology platforms and trained educators with existing college programmes.

byteXL claims that 7,600 of its graduates were placed in IT and engineering roles last year.

The new capital is intended to expand byteXL’s institutional network, strengthen its technology and AI capabilities, increase academic and delivery capacity and develop new industry-aligned programmes.

The company plans to increase its presence from 40 institutions to 120 over the next two years, while expanding its reach from about 200,000 students to 500,000 across 15 states. Planned product investments include AI-enabled learning and assessment, student analytics and personalised learning tools.

CEO Karun Tadepalli said the next phase will focus on “expanding our institutional footprint” and deepening its technology and AI capabilities.

For byteXL, the proposition is less about adding another online course and more about embedding employability-focused training inside the four-year engineering journey.

Kalaari partner Sampath P said this allows byteXL to work within the existing college ecosystem and not “re-invent the wheel,” while noting the company’s growth and ability to reach profitability.


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