Edtech Firm byteXL Secures $9 Million in New Funding

Education-technology startup byteXL has raised $9 million in fresh capital to scale its hybrid learning platform. Elevar Equity led the funding round, with additional investments from Kalaari Capital and the Michael and Susan Dell Foundation. The company plans to use this capital to expand its reach from 40 to 120 institutions over the next two years. It also aims to strengthen its artificial intelligence-led learning platform, academic capabilities, and skill-building programmes.

Context

Education-technology firms in India frequently raise venture capital to expand their college partnerships and upgrade digital learning tools. Hybrid learning models combine online resources with classroom teaching to reach students across different regions.