Skill-Lync records an Annual Revenue Run Rate of USD 40 million; witnessing 4x growth in the last 5 months
New Delhi: One of India’s largest engineering edtech platform, Skill-Lync, witnessed rapid growth, achieving an annual revenue run rate (ARR) of USD 40 million. With this, the startup is well-positioned to grow 100% quarter on quarter and stay profitable. It grew over 4x in the past five months and is trending towards the same journey in 2022.
In 2021, the edtech giant deepened its course offerings and witnessed 3X growth in enrollments and revenue across India and internationally, with students enrolling from over 78 countries. Along with the increase in revenue, the company has now helped over 1000+ engineers get successful career opportunities by doubling its partnerships and placements with leading companies such as Renault Nissan, Cyient, Altair, AMTZ, Expleo, to name a few. The company has also hired over 1000 employees within a span of 6 months, which has helped with growth tremendously.
Commenting on the rapid growth, Nikhil Mittal, Head of Growth at Skill Lync, said, “With Skill-Lync expanding globally, we have witnessed a tremendous interest in our courses. We have grown 4x in the last five months keeping our marketing spend in control and aiming towards profitability in 2022. We aim to bring robust results for the next two quarters as we work towards our growth playbook.”
Recently, Skill-Lync announced that it aims to hire over 3,000 employees in the coming months to fuel and support its next growth phase, strengthening its workforce across markets in India and abroad. The startup had also partnered with Cyient to help hire qualified embedded professionals as the tech major plans to hire over 4000 employees to its workforce.
So far, the startup has raised a total of US $20 Mn across its seed and Series A funding rounds backed by Iron Pillar along with Y Combinator and Better Capital. The engineering-centric edtech startup provides courses in mechanical, electrical, civil and computer science engineering streams for students worldwide. Some of their most sought-after courses are automotive and electric vehicle design, construction project management, embedded systems design, additive manufacturing, engineering design, renewable energy, besides full-stack development and data analytics, among others.