SINGAPORE: Cialfo, a Singapore based educational consultant, raises pre-Series A Funding for product development, recruitment and expanding its services to China, India, and Southeast Asia. The Edtech start up is adopting software-as-a-service (SaaS) platform to enlarge its services all over Asia.
Cialfo creates an online platform along with expert guidance to connect the students across the top universities in U.S. and U.K. According to the Institute of International Education (IIE), around 627,306 Asian students got admission in U.S. in 2014-2015. A total of 304,040 were from China, while the rest 132,888 were from India. The British Council estimates around 493,570 international students got placed in U.K. in 2013-2014, of which 18.8 percent and 4.3 percent were from China and India respectively. The numbers of students are expected to double by 2025. .
The numbers of students getting placed, through Cialfo, have increased to 27 percent compared to 2015. A majority of students gets through to the college of their choice in Singapore.
Anand Govindaluri, Founder and CEO of Govin Capital & Board Director, Cialfo, says, “Working with thousands of students in Singapore, and across Asia, Cialfo’s understanding of the pain points faced by educational institutes, consultancies, and students has enabled it to build innovative platforms and tools that are seeing rapid uptake within the education ecosystem. We observe an increasing trend in the number of Singaporeans and students in Asia for overseas ivy-league universities. We are delighted to partner with veteran investor Mr Koh Boon Hwee to make Cialfo a world-class local brand in EdTech. I also thank The Funded Here, Singapore for introducing Cialfo to us”.