Edtech firm Cialfo based in Singapore, raised USD 20 million on March 10, 2022. The funding is a part of its ongoing Series B round. Tiger Global, a U.S-based Investment firm, led the Series B round of funding.

So far, its total funding is USD 77 million. It includes USD 15 million raised in a Series A round of funding in February 2021.

Cialfo’s Utilization of Funds

With the recent funding, Cialfo intends to gain global momentum. The fresh capital will help the edtech firm increase its strategic investment in the Indian market.

They will also add scholarships for students using their platform.

The initial target for the Series B round was USD 20 million. However, the team has already tripled this figure as demand for international student mobility, and virtual college recruitment surged in the pandemic.

Previously in January 2022, Cialfo raised USD 40 million. The round was co-led by global investment firm Square-Peg and Australian-headquartered firm SEEK Investments. The round size back then was USD 60 million.

What the founder has to say

“We are very excited to receive continued backing from the global investor community, and we are grateful to Tiger Global for extending our Series B to US$60m. Our full focus remains on evolving in a way that positively impacts our students, schools, and ultimately, society, with speed and at scale. This funding will help us to do just that. It will also allow us to invest in continuous product development so we can deliver even more personalized and practical support to our community of students, counsellors and universities. Importantly, growing our operations in critical markets, and expanding our 360 offerings to include scholarships, are among the ways we plan to capitalize on this infusion of capital and give more back in return,” said Cialfo, CEO and Co-Founder Rohan Pasari.

About Cialfo

Singapore-based edtech firm Cialco is a digital transformation leader in higher education. It is committed to increasing access to higher education for millions of students worldwide.

The edtech firm began its operations in India in 2019. Three hundred high schools and 60 universities from the country are already enrolled on Cialfo’s platform. More than 56000 Indian high school students use Cialfo to access undergraduate college admissions every year.

Currently, 270,000 high school students, their counsellors, and families with over 1,000 colleges across 50 countries use Cialfo. Hence, the brand is a trusted partner of renowned global universities such as Imperial College London and The University of Chicago.

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.


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