Instant live Edtech startup Filo said on Thursday that it has raised $ 23 mn in a funding round led by Anthos Capital.
Existing investor Better Capital along with GSV, Sapling Capital, and individual investors including Gokul Rajaram, Rob Frohwein (Co-founder, Kabbage), Mate Pencz and Florian Hagenbuch (Founders, Loft), and Ross Lipson (Co-founder, Dutchie) also participated in the funding round.
The edtech startup said fresh capital will use for product development, expanding the team, tapping new categories, and scaling its tutor base across the country.
“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.
Founded by serial entrepreneurs Imbesat Ahmad, Shadman Anwer, and Rohit Kumar, Filo is the growing on-demand tutoring platform that connects students with India’s top 1% tutors in less than 60 seconds, any time during the day and night.
Students get exclusive access to 1-1 personalised learning sessions through live video and voice calls. Every session is designed keeping in mind the learning capabilities and style of individual students.
“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.
With Filo students can solve problems, clear concepts, prepare for school and competitive examinations, finish homework assignments, take private classes, solve mock tests, prepare notes and get mentorship from the best minds in the country.