Skyfi Labs Receives Funding From Chennai Angels and Spark Capital

Bangalore based Skyfi Labs Pvt. Ltd. has managed to raise funding from Chennai Angels, with participation from Spark Capital.

Educational products and services startup Skyfi has raised an undisclosed amount of funding from Chennai Angels, the regional startup funding joint fund setup by entrepreneurs and Spark Capital, a full-service investment bank headquartered in Chennai.  The company has confirmed that the funds will be utilized to expand the service scope to 1000 new colleges and refine the course offerings as well as enhance its back-end technology. Besides funding, Chennai Angels will also help raise awareness and scale–up the company, shared Pavan Ponnaganti CEO and Founder Skyfi,

“Our mission is to equip Indian engineering graduates with the right combination of ‘praxis’ and theory. We have already begun benefiting through the advice and networking provided by individual Chennai Angels members and hope to scale far more rapidly than we would have otherwise,”

What does Skyfi offer? Started in 2010, Skyfi develops and markets products focused on the Educational Sector. However, the primary area of interest for the company is the Engineering Colleges and their students. The company devises and offers tools that enable Indian engineering college students get practical and hands-on training. Interestingly, Skyfi has products that can be used both offline as well as online.

The company claims to have trained over 25,000 students from more than 150 colleges so far, via short-term courses (two-three days) in areas such as robotics, aero-modeling, web and mobile app development, and civil engineering. Some of its popular branded courses are AerotriX, Civil Simplified, Roboversity and Code Instruct. Skyfi approaches the colleges and students to deliver these programs.

Online and Remote Educational tools are certainly helping Indian Education system spread knowledge in a much better manner and speed owing to internet and handheld computational devices like tablets. Let’s see how well Skyfi scales up now that it has the backing of a proactive group of entrepreneurs behind it.

Source | vccircle

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