Gurugram-based edtech startup Filo (instant live tutoring startup) has raised $23 Million in a Series A funding round led by Anthos Capital.
The existing investors-Better Capital, GSV, Sapling Capital. The list of individual investors includes: Gokul Rajaram, Rob Frohwein (cofounder of Kabbage), Mate Pencz, Florian Hagenbuch (founders of Loft), and Ross Lipson (cofounder of Dutchie) made participated in the round.
The startup will utilize the funds primarily for product development, expanding the team, tapping new categories, and scaling its tutor base across India.
The funding will be used in categories alike-
Filo was founded by combined entrepreneurs Imbesat Ahmad, Shadman Anwer, and Rohit Kumar. The three’s are passionate about delivering high-quality educational experiences.
In 365 days, Filo has grown to more than 1.5 million personal downloads and more than 350,000 monthly active users. The 24X7 live platform is presented in more than 15 countries and has over 40,000+ tutors on the platform.
In the upcoming 12 months, the platform plans to onboard over 200,000 tutors across India and is planning to conduct 2 million live classes each day.
Imbesat Ahmad, Founder, and CEO of Filo said, “At Filo, we are extremely passionate about technology and how it can help students achieve their goals. One of the biggest challenges 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. However, building a solution like this requires deep engineering and AI capabilities; which is what we have been working on for the last 1.5 years."
He added, "We have also proven a cash-efficient high pull model which is a first of its kind in the current edtech space. 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 realise our mission to make the concept of ‘instant live tutoring’ a success worldwide.”
Founder and CEO of Better Capital, Vaibhav Domkundwar, said, “Filo solves the most crucial “understanding problem” in education with a unique product experience that worked almost right away giving us instant validation on multiple fronts. I’ve been impressed with the quality of execution and am excited to see Filo continue to scale its platform to serve millions of students.”