Business, Investments

Education startup Skyfi Labs secures investment from Chennai Angels and Spark Capital

Skyfi Labs, a Bangalore based education products and service company ha s raised an undisclosed amount of funding from Chennai Angels (TCA) and investment bank Spark Capital. The raised funds will be used in the company’s expansion to cover 1,000 new colleges, enhance the backend infrastructure and refine its course offerings.

Started in 2010, with an aim to bridge the gap between industry and academia, Skyfi Labs enables engineering college students to access practical and hands-on training.

It offers mentorship in courses including aero-modelling, robotics, web and mobile app development and civil engineering, among others. With having one of the largest young population in the world, over 1 million engineering students graduates in India every year – giving a significant market opportunity to companies like Skyfi Labs.

“Our mission is to equip Indian engineering graduates with the right combination of praxis and theory and TCA’s investment will help us do that. We have already begun benefiting through the advice and networkings provided by individual TCA members and hope to scale far more rapidly than we would have otherwise,” Ponnaganti said in a press statement.

So far, the company has trained some 25,000 students from over 150 colleges including institutions like IITS and BITS Pilani.

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