Gurugram-based edtech startup Filo that offers online classes in a variety of subjects, announced today that it has raised $23 million (roughly Rs 174 crore) in a new funding round to expand its product portfolio, tap into new categories, expand its team, and scale its tutor base across the country.
Anthos Capital, based in the United States, led the new Series A investment. Existing investor Better Capital, as well as GSV, Sapling Capital, Gokul Rajaram, Rob Frohwein (Co-Founder – Kabbage), Mate Pencz, and Florian Hagenbuch (Founders, Loft), and Ross Lipson, participated in the round (Co-Founder, Dutchie).
Filo had previously secured $2 million in a Seed round from Better Capital and Ross Lipson in April 2021. (Co-founder of Dutchie). The most recent raise raises the total amount raised to almost $25 million.
In the year 2020, Imbesat Ahmad, Shadman Anwer, and Rohit Kumar co-founded the company. Filo claims to connect students with India’s top 1% tutors in under 60 seconds, at any time of day or night.
The website is designed for students in grades 8 through 12, as well as those preparing for entrance exams such as the ACT, JEE, NEET, and SAT. It also provides students with 24-hour, seven-day access to live, one-on-one video learning sessions.
“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.