Singapore edtech startup Cialfo raises $3m Series A round led by DLF Venture

Young entrepreneurs look at their computers at a resting area inside the University Students Venture Park, in Shanghai, China, July 29, 2015. REUTERS/Aly Song

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.