byteXL raises $9M Series B for campus skilling
By Abha Lohia ·
- ByteXL runs job-skills programmes inside engineering colleges, working with about 60 campuses across ten states and reaching 200,000 students
- The Hyderabad firm closed a $9M Series B led by Elevar Equity, with Kalaari Capital and the Dell Foundation joining as existing backers
- Money goes into new states, AI mentoring tools and more educators; the firm says it is already profitable before interest, tax and depreciation
What happened
- byteXL raised a $9M Series B round.
- Elevar Equity led; Kalaari Capital and the Dell Foundation took part.
- Funds target new states such as Odisha, Karnataka, Madhya Pradesh and Uttar Pradesh.
- A big spend area is an AI coach for student learning.
- Goal: 500,000 students and 120 colleges in 15 states within two years.
Why it matters
- Colleges want job-ready graduates, so skilling partners are in demand.
- The firm is profitable at EBITDA (operating profit) level.
- Net break-even is expected this year.
The business
- Sells skilling programmes to colleges
- Works with about 60 colleges in 10 states
- Serves 200,000 students
- Building agentic AI for learning
- Expanding its educator network
The founders
KT
Karun Tadepalli
Co-founder and CEOWho put in money
- Elevar Equity Lead
- Kalaari Capital Existing investor
- Michael & Susan Dell Foundation Existing investor
In numbers
200,000Students on platform · 2026
$5.9M Series APrevious round · 2024
What happens next
- Enter four new states
- Launch AI mentor tools
Earlier rounds
- Series A: $5.9M, July 2024, led by Kalaari Capital
- Series B: $9M, October 2026, led by Elevar Equity
Other articles talking about it
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Series B/C: Series B, C, D and later rounds are growth rounds: large cheques that help a startup with a proven model expand faster, enter new markets or move toward profit and a listing.
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