Cialfo, a Singapore-based edtech startup, has raised $3 million in Series A funding led by DLF Venture. SEEDS Capital, YK Capital and various angel investors also joined the round.
The latest round brings the total amount raised by the startup to over $5 million. It also aims to raise a Series B by late-2020 to support its expansion plans.
According to a statement, Cialfo offers students a platform that helps them manage college applications in the US and elsewhere around the world. Its solution promises to cut down customer support response time significantly, from 2-5 business days to just 6 hours.
It has several international schools as clients across the US, India, Singapore, Thailand, Taiwan, China and others.
Cialfo co-founder and CEO Rohan Pasari said: “We’ve seen a twenty-fold increase in the numbers of students using our platform in the last 15 months, and our revenues have tripled year-on-year. We now have clients in more than 40 countries, with around 100,000 students using Cialfo worldwide – a number we expect to grow to 500,000 by year end.”
Cialfo said, the fresh funds will be used to expand its product reach in colleges and students. It also plans to double its headcount to 50 by next year. The startup currently has offices in Singapore, New York, Beijing and New Delhi.