Toppr.com raises $10 million from Fidelity, SAIF Partners, Helion
Toppr.com plans to use the funds to invest more in technology and build deeper content
Mumbai: Mumbai-based online test preparation start-up Toppr.com has raised $10 million (around ₹ 64 crore today) in a fresh funding round led by Fidelity Growth Partners India and existing investors, SAIF Partners India and Helion Ventures.
Toppr.com had raised $2 million from SAIF Partners and Helion Ventures a year ago.
The start-up provides a subject learning platform to middle and high school students preparing for IIT JEE or medical entrance exams. At present, Toppr has over 170,000 students on its platform. Students practised over 2.5 million questions in April, the company said.
Last month, Toppr.com acquired EasyPrep, another player in the online test preparation segment. “With this round of financing, we aim to expand the scope of our product, invest more in technology and build deeper content. We will be catering to class V to class XII in the K12 segment," said Zishaan Hayath, CEO and co-founder of Toppr.com.
Driven by strong traction since the company’s inception in 2013, Toppr.com expects to get five million students by 2017. “India has over 300 million students in school. Most of these students will eventually have access to a mobile phone or computer. This presents us a huge opportunity to change how we learn using technology," Hayath added.
“With its strong focus on enhancing a student’s exam preparation experience, Toppr is well positioned to emerge as the leader in this space," said Kabir Narang, managing director at Fidelity Growth Partners India. Following the closing of the financing, Kabir Narang has joined Toppr.com’s board of directors along with Mukul Singhal of SAIF Partners and Rahul Chowdhri of Helion Ventures.
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