The round also saw participation from existing investor Better Capital along with GSV, Sapling Capital, and a host of well known individual investors including Gokul Rajaram, Rob Frohwein (cofounder Kabbage), Mate Pencz and Florian Hagenbuch (founders, Loft) and Ross Lipson (cofounder, Dutchie).
The edtech startup plans to use the fresh capital for product development, expanding the team, tapping new categories, and scaling its tutor base across the country.
Filo, founded by Imbesat Ahmad, Shadman Anwer and Rohit Kumar, claims to have more than 1.5 million downloads and over 350,000 monthly active users. In the next 12 months, the platform plans to onboard over 200,000 tutors across India and conduct 2 million live classes every day.
“This round of funding will give exponential pace to an already hyper-growth trajectory of Filo and help us scale the tech and innovation opportunities. We are glad our investors share a similar vision for Filo as our leadership team. The combined strategic synergies will help us realize our mission to make the concept of ‘instant live tutoring’ a success worldwide,” Imbesat Ahmad, cofounder and CEO of Filo said.
The startup had previously raised a pre-seed round at the idea stage and then a $2 million seed round in September 2021 – both from Better Capital.
Discover the stories of your interest
“We are excited about Filo because of their unique value proposition to students that has resulted in rapid traction and outstanding customer advocacy. Their ability to effectively and seamlessly match teachers and students in a matter of seconds we believe to be unmatched in the market today and is a use case that can extend globally. We’re thrilled to partner with Imbesat and the Filo team,” Annie Luchsinger, Investor, Anthos Capital said.
Credit: Source link
