B2B edtech services provider ByteXL attracts $9-M led by Elevar Equity

Hyderabad-based edtech platform ByteXL has raised USD 9-M in a Series B funding round led by Elevar Equity, with participation from existing investors Kalaari Capital and Michael & Susan Dell Foundation.Founded in 2020 by Karun Tadepalli and Sricharan Tadepalli, ByteXL provides B2B (business-to-business) edtech services. It partners with about 60 colleges across 10 states and supports a network of 200,000 students.The firm plans to use the capital to expand its market presence and invest in AI-led learning tools. It intends to increase its reach to 120 colleges across 15 states, with a target of supporting 500,000 students over the next two years.