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Gurugram-headquartered Filo, an edtech startup offering online classes for various subjects, today said it has raised $23 million (approx. Rs 174 crore) in a new financing round to boost its product portfolio, tapping into new categories, team expansion, and scaling tutor base across the country.
US-based Anthos Capital led the new Series A round. The round also witnessed participation from existing investor Better Capital, with GSV, Sapling Capital, Gokul Rajaram, Rob Frohwein (Co-Founder - Kabbage), Mate Pencz, and Florian Hagenbuch (Founders, Loft), and Ross Lipson (Co-Founder, Dutchie).
Prior to the current round, Filo had raised $2 million in a Seed round in April 2021 from Better Capital and Ross Lipson (Co-founder of Dutchie). The latest brings its all-time raise to over $25 million.
Imbesat Ahmad, Shadman Anwer, and Rohit Kumar co-founded the startup in 2020. Filo says it connects students with India’s top 1% tutors in less than 60 seconds, any time during the day and night.
The platform caters to kids in grades 8 through 12, as well as those studying for ACT, JEE, NEET, and SAT entrance examinations. It also enables students to get access to live, one-on-one video learning sessions 24 hours a day, seven days a week.
“One of the biggest challenges that students face in their journey is learning gaps which become visible when they are attempting to solve problems on their own. Quick resolutions at this time, when they are fully involved, smoothens their path extensively," said Imbesat Ahmad, Co-Founder & CEO of Filo.
The Gurugram-based says it has 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.
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