Flipkart mafia-funded edtech start-up Crio acquired by Y Combinator-backed Skill-Lync

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Krio.do, an experiential learning platform for techies by ex-Flipkart employees, has been acquired by engineering-focused edtech start-up Skill-Link for an undisclosed amount. With this acquisition, Krio will now operate as an independent brand under the Skill-Lync Group.

Chennai-based Skill-Link, which has over 30,000 students doing coursework, is backed by Y Combinator, Iron Pillar and other investors. Its last funding round of $17.5 million (Series A) came in May 2021.

Meanwhile, Creo raised angel funding from the ‘Flipkart mafia’ in 2019. The round was led by Binny Bansal (co-founder and former Group CEO of Flipkart); Amod Malviya, Vaibhav Gupta, and Sujit Kumar (ex-Flipkart and now Udaan co-founders); Makin Maheshwari (former Chief People Officer of Flipkart); and Ravi Garikipati (former CTO of Flipkart). Later in 2020, it raised a seed round led by 021 Capital and Ankit Nagori (ex-Chief Business Officer of Flipkart, who is now the founder of Curefoods).

Started in 2018 by Rathinamurthy R, senior director of product management at Flipkart, Crio.do wanted to make tech talents industry-ready by helping them solve real-world platforms. “Crio was started with a mission to empower students and under-employed professionals with high-quality experiential learning and help them land their dream jobs in tech. Today we are really excited to be a part of the Skill-Lync Group, which shares a similar mission and approach towards learning,” the co-founders said in a statement.

Creo’s clients included Visa, Flipkart, Capillary Technologies, Reliance Jio and other companies that hired tech talent through its platform.

Commenting on the purchase, Suryanarayanan Panneerselvam, Co-Founder, Skill-Lynx, said, “Both Krio and Skill-Lynx were started because we wanted to solve a fundamental issue in higher education, that is, finding engineers for industry. make relevant. Kryo focused on computer science and Skill-Link focused on mechanical, electrical, electronics and civil engineering. We believe we have a unique opportunity to build the best higher education platform where we can deliver value at scale.

Through the acquisition, both the companies aim to support over 25,000 students with relevant job opportunities in the tech industry.

Read also: If you sell your iPhone 11, you can get the iPhone 13 for less than Rs 50,000 on Flipkart: Here’s how

Read also: ‘Such role doesn’t exist’: Flipkart denies allegation that it posted stolen job content on LinkedIn

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