byteXL, one of the leading experiential learning platforms for IT career aspirants, has announced that it 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. Apart from this, it also announced its robust 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 350by 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.

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.

Speaking on the fundraising and growth plans, Karun Tadepalli, Founder and CEO of byteXL said, “byteXL is witnessing exponential response from the engineering institutes and we are emerging as the preferred skilling partner for the colleges across several states. With a robust growth trajectory, byteXL is aiming at achieving a 400% increase in revenues as we target US$11 Mn for the financial year 2022-23.

“We are on track to meet our aggressive plans of onboarding 175institutes and training 240,000 students by the end of March 2023. As we expand our pan-India presence to Tamilnadu, Karnataka, Gujarat,and Odisha, we are already chalking out plans for the APAC region as well as in the United States. We are partnering with community colleges, veterans’ programs, and underprivileged and underrepresented youth and collaborating with consortiums and skill development centers as part of our outreach and partner programs in India”, added Sricharan Tadepalli, Cofounder and Chief Sales Officer of byteXL.

About ByteXL:

Headquartered in Hyderabad (India), byteXL prepares IT Career Ready Engineers in Conventional Coding and New age Technologies like Cloud, AI/ML, DevOps, FullStack Development, and Cyber Security through a Hybrid Learning Platform and guided Campus Recruitment model. It is a one-stop shop for self-learning coursework and guided training – preparing a new generation of coders for the workforce.

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