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 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.”