An undisclosed amount was acquired by Skill-Lync, an experiential learning platform for techies founded by former Flipkart employees. With the acquisition, Crio will now operate as an independent brand under the Skill-Lync Group.
Chennai-based Skill-Lync, which has over 30,000 students pursuing its coursework, is backed by the likes of Y Combinator, Iron Pillar, and other investors. The last funding round of $17.5 million Series A took place in May 2021.
In the year 2019, Crio had raised angel funding from Flipkart mafia. The round was lead by Binny Bansal Co-founder and Flipkart's former Group CEO Amod Malviya, Vaibhav Gupta and Sujeet Kumar ex-Flipkart and now Udaan co-founders Mekin Maheshwari Flipkart and Ankit Nagori ex-Chief Business Officer of Flipkart, who was the Senior Director of Product Management at Flipkart in 2018, and now founder of Curefoods. Do wanted to make tech talent industry ready by helping them solve real-world platforms. Crio was founded with the mission of empowering students and under-employed professionals with high-quality experiential learning and helping them land their dream jobs in tech. The Co-founder said today that they were really excited to be part of the Skill-Lync Group, which shares a similar mission and approach to learning.
Crio's clients included VISA, Flipkart, Capillary Technologies, Reliance Jio, and other companies that hired tech talent through its platform.
SuryaNarayanan PaneerSelvam, Co-Founder, Skill-Lync, said both Crio and Skill-Lync were created because they wanted to solve a fundamental issue in higher education, i.e. Crio focused on Computer Science and Skill-Lync focused on mechanical, Electrical, Electronics and Civil Engineering. We believe that we have a unique opportunity to build one of the best higher education platforms where we can provide value at scale. The acquisition will help more than 25,000 students with relevant job opportunities in the tech industry.