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2014-03-26

Chennai Angels invests in education start-up Skyfi Labs

South India\\\'s angel network The Chennai Angels (TCA) recently announced an investment in Skyfi Labs, a Bangalore-based education products and services startup. Spark Capital, an investment bank headquartered in Chennai, has co-invested in Skyfi.

South India's angel network The Chennai Angels (TCA) recently announced an investment in Skyfi Labs, a Bangalore-based education products and services startup. Spark Capital, an investment bank headquartered in Chennai, has co-invested in Skyfi.

 

This round of investment was led by Padma Chandrasekaran, a TCA investor member and Vijay Radhakrishnan of Spark Capital.

 

Skyfi would use the funds to expand its reach to cover 1,000 new colleges, increase and refine the course offerings and enhance backend technology, a statement from the company said.

 

Pavan Ponnaganti, Founder and CEO, Skyfi Labs, launched the company in 2010 to enable Indian engineering college students to get practical, hands-on training.

 

Skyfi's praxis focused programs delivered by highly skilled trainers leveraging pre-packaged content and kits for each student, aims at addressing that gap that exists in developing practical skills for engineering students. Skyfi worked with corporate partners like Altair Engineering to develop course content and Boeing to conduct student competitions, according to the statement.

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