ByteXL Raises $9M in Series B

ByteXL, a Hyderabad-based B2B edtech startup, has secured $9 million in a Series B funding round. The company, which provides an educational technology platform for students and colleges, plans to use the capital to scale its operations and enhance its product offerings.

Investors

This round was led by Elevar Equity. Existing investors Kalaari Capital and the Michael & Susan Dell Foundation also participated in the round.

ByteXL Use of Funds

The company plans to use the new capital to enter new markets, including Odisha, Karnataka, Madhya Pradesh, and Uttar Pradesh. Additionally, it intends to invest in its technology platform, expand its educator network, and accelerate the development of AI-enabled learning tools such as its AI coach and mentor features.

About ByteXL

Founded in 2020 by brothers Sricharan and Karun Tadepalli, ByteXL is an edtech company focused on providing technical training and learning tools to engineering students. The platform currently supports 200,000 students across 60 colleges in India.

Funding Details

Company: ByteXL
Raised: $9M
Round: Series B
Funding Date: October 7, 2026
Lead Investor: Elevar Equity
Additional Investors: Kalaari Capital, Michael & Susan Dell Foundation
Software Category: Edtech
Company Website: https://bytexl.com
Source: https://m.economictimes.com/tech/funding/edtech-firm-bytexl-raises-9-million-in-series-b-round-led-by-elevar-equity/articleshow/134757491.cms