Venture-growth investor Iron Pillar, which backs tech companies built from India, announced it has put $15 million to work in Y-Combinator-backed, engineering-focused edtech start-up Skill-Lync. Existing investors Y Combinator and Better Capital also participated in the round, which totaled $17.5 million.
In addition, Binny Bansal (co-founder of Flipkart), Sai Krishnamurthy (formerly of Flipkart and co-founder of Xto10X) and Rashmi Kwatra (founder of Sixteenth Street Capital) joined as new investors in the round.
Founded in April 2018, Skill-Lync provides courses in the mechanical, electrical, civil and computer science engineering domains for students in India and other parts of the world.
Source: Iron Pillar announcement