BytexL, an experiential learning platform for IT career aspirants, raised $ 200,000 in an angel round from Joseph Joy, president of Joy Family Investment in the USA, among others.
According to a press statement, the latest funds will be used to grow content, improve the product portfolio and increase its sales and marketing team. The company plans to expand its operations in India to Maharashtra, Karnataka, Punjab and other northern parts of India.
BytexL is the first learning platform with built-in advanced coding editor for automated learning, guided training and placement support. It helps students make sudden changes in learning patterns to ensure continuous learning. The platform provides new skills and existing skills to its users.
Founded by Karun Tadepalli in December 2019, BiteXL aims to provide an unparalleled combination of self-learning coursework and guided training to bring job preparation with a degree for every student. It claims to have a renewal rate of 78 percent and is active among 42,000 students in 55 colleges. The platform’s participation rate is 75 percent.
Commenting on the fund, Karun Tadepalli, co-founder and CEO of BytexL, said,
“We are pleased with the investor confidence in our vision of creating an ecosystem that will help streamline India’s online education sector. India is expected to employ 16 million engineers and currently 93 per cent engineering graduates in the next 10 years. India is not well equipped to enter the IT industry. It aims to increase the employability of the country by enabling students to prepare for IT careers from the first day of graduation. [and] Will speed up their onboarding process. “
BiteXL prepares students for careers with the right upskilling and enables them to compete with the best technology in the world. Startups offer students unlimited access to tech learning resources through a subscription model, at an affordable price for everyone.
Joseph Joy, president of Jose Family Investments, said:
“Adtech is an important aspect of the educational institution and we believe that the domain knowledge possessed by the BytexL team is admirable. His inventive approach to becoming. “
With its office in Hyderabad, BiteXL has partnered with Fortinet, one of the world’s leading cyber security companies, to train and certify students in the application and entrance tests. The company has partnered with Leading Indian AI (an initiative to promote and teach artificial intelligence) and various companies to help students with placements to start careers based on their personal skills and interests.
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