Engineering-focused edtech startup Skill-Lync has acquired Crio, an experiential learning platform for tech careers, in an undisclosed amount, to boost its offerings in higher education space. Skill-Lync also said the founders of Crio will continue to focus on and run Crio’s business and growth, after the acquisition.
With this acquisition, Crio will operate as an independent brand under the Skill-Lync Group. Skill-Lync provides industry-relevant and job-leading courses for Engineering students and graduates across all disciplines.
Skill Lync is backed by investors like Y Combinator and Better Capital and also received investment from Flipkart’s Binny Bansal in its latest funding round. With this acquisition, both the startups said they are together aiming to support over 25,000 students with relevant job opportunities in the next two to three years.
Co-founder SuryaNarayanan PaneerSelvam said, “Both Crio and Skill-Lync were started because we wanted to solve a fundamental issue in higher education, i.e. making engineers industry relevant… as both companies come together, we believe that we have a unique opportunity to build one of the best higher education platforms where we can provide value at scale.”
