2015-05-07

Mumbai Based Edtech startup Toppr.Com raises $10 M from Fidelity, SAIF, Helion

Toppr has experienced rapid growth in a short span of time with over 1,70,000 students currently on its platform.

Mumbai Based Edtech startup Toppr.Com raises $10 M from Fidelity, SAIF, Helion

Mumbai-based edtech startup Toppr.com has raised $10 million in a financing round led by Fidelity Growth Partners India, SAIF Partners and Helion Ventures. Toppr.com provides a subject learning platform for middle school & high school students preparing for IIT JEE and medical entrance exams.

Toppr has experienced rapid growth in a short span of time with over 1,70,000 students currently on its platform. Students practiced over 2.5 million questions in the month of April.

“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. We want to make subject learning personal, efficient and affordable. 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 V to XII standards in the K12 segment,” said, Zishaan Hayath, CEO and co-founder, Toppr.

India being the youngest country has the highest number of students in the world. Over 300 Million students are currently enrolled in schools across the country. Driven by strong traction since the company’s inception in 2013, Toppr expects to reach 5 million students by 2017.

“We have been actively looking at opportunities in consumer tech and are excited to partner with Toppr and its exceptional management team. Toppr provides a unique and compelling product with the potential to disrupt the exam preparation market. With its strong focus on enhancing a student’s exam prep experience, the company is well positioned to emerge as the leader in this space,” said, Kabir Narang, MD, Fidelity Growth Partners India.

Following the closing of the financing, Kabir Narang has joined Toppr’s Board of Directors along with Mukul Singhal of SAIF Partners and Rahul Chowdhri of Helion Ventures.

Mukul Singhal of SAIF Partners said, “Toppr is playing at an interesting confluence of technology and education. It’s an attempt to create world’s best and largest subject learning platform for K-12 students. We are very excited to partner with Zishaan and Hemanth in this journey. Their prior entrepreneurial journey gives them a good headstart against other players in the market. And this round of financing will help them in taking it further.”

Rahul Chowdhri of Helion Ventures said, “K12 education is a large space but served by individual teachers. That is a hard model to scale and one needs a player who can democratize education in this country. Toppr is using technology to solve this problem, thereby providing equal opportunity to all K12 students. We were impressed by the team which is a great combination of product and technology mix with a strong focus on improving learning for all its users.”

Related opportunities
  • Snacks / Namkeen Shops
    Chitra Coffee Bar, a Beverage and refreshment brand owned by..
    Locations looking for expansion Tamil nadu
    Establishment year 2000
    Franchising Launch Date 2015
    Investment size Rs. 10lakh - 20lakh
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Packaged Food Products
    We all confuse health with medicines all the time, whereas..
    Locations looking for expansion Uttar pradesh
    Establishment year 2021
    Franchising Launch Date 2024
    Investment size Rs. 5lakh - 10lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bishrakh Uttar pradesh
  • Cosmetic Accessories
    MATTLOOK COSMETICS is well known in the field of Color..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 65
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Engine, Engine Components, Spare Parts
    Fuelwings is a fuel delivery company that has quickly established..
    Locations looking for expansion Haryana
    Establishment year 2021
    Franchising Launch Date 2023
    Investment size Rs. 20lakh - 30lakh
    Space required 000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads