An online preparation platform for entrance exams in India Toppr has raised a total sum of Rs 45 crore in its second round of Series B funding from existing investors like SAIF Partners, Helion Ventures and FIL Capital Management. Earlier on May 2014and 2015, it had raised a cumulative $12 million in its Series B funding rounds.
Toppr’s Expansion Plan
Toppr will use these funds to expand the geographical footprint and accelerate user acquisition. It is a test preparation platform which helps students to prepare for exams like JEE, AIIMS, BITSAT, COMED-K. Toppr is pursuing aggressive expansion plans and is planning to open centres in 30 cities by December 2017. The edutech startup also projects 20x growth in its junior grades and 15x growth in its senior grades subscription by 2021.
The Mumbai based online preparation platform was founded in 2013 by Zishaan Hayath and Hemanth Goteti. It currently caters to over 2 million registered students in classes 5-12. Hayath, being an angel investor has invested in Ola, among other startups. It also runs an angel investment group called Powai Lake Ventures.