2015-04-20

Online test prep platform Toppr acquires Jodhpur based EasyPrep

This acquisition aligns with Toppr\'s vision of democratizing education by making it more accessible and affordable for all.

Online test prep platform Toppr acquires Jodhpur based EasyPrep

Online test preparation platform Toppr has acquired Jodhpur based EasyPrep, an e-learning platform that empowers teachers to help students prepare for entrance exams. This acquisition aligns with Toppr’s vision of democratizing education by making it more accessible and affordable for all.

Entrance exam preparation market for K12 students is valued at $8 billion and growing at 20 per cent every year. Over past few years,Toppr has grown to a team of over 100 members and serving over 1,50,000 plus students across India.

Founded by IIT Jodhpur alumni Vivek Sharma and Ankit Saraswat and mentored by Jaipur based, Startup Oasis, an Incubation Centre set-up jointly by the Rajasthan State Industrial and Investment Corporation (RIICO) and IIM Ahmedabad’s Incubation Centre, CIIE, EasyPrep is a customized exam creation platform for schools, coaching institutes and teachers and an exam preparation platform for students. EasyPrep provides an online or offline platform for schools, coaching institutes and teachers to create exam papers for their classroom teaching and also helps students prepare for competitive examinations.

Talking about the acquisition, Chintan Bakshi, COO, Startup Oasis, remarked, “This acquisition is a further validation of the hypothesis that by creating a robust and supportive start-up ecosystem, high quality start-ups can emerge even from the smaller tier-2 and tier-3 cities in India. The mandate of Startup Oasis is to build a robust start-up ecosystem in the key geographies of Rajasthan like Jaipur, Udaipur and Jodhpur."

Earlier this month, RazorPay, a Jaipur based start-up, based out of the Startup Oasis Incubation Centre, was selected for the prestigious Silicon Valley based accelerator, YCombinator, and received Rs 80 lacs of seed funding. Also in April, Karma Healthcare, an Udaipur based rural healthcare startup mentored by Startup Oasis, was funded an undisclosed amount by the Mumbai based impact investment fund Ankur Capital.

Talking about the acquisition, CEO of Easy Prep, Vivek Sharma mentioned that “The key strength of Easy Prep was its deep understanding of the test assessment domain especially in the tier-2 and tier 3 cities, high quality content and finally robust technology that empowered the teacher and small coaching institutes to better train their students rather than try and bypass them. In India, especially in the smaller cities, the role of the teacher and the tutor is very important and successful online learning and assessment solutions need to be built with them rather than around them."

The Easy Prep team will soon be shifting from Jodhpur will be working out of the Toppr office in Mumbai.

Related opportunities
  • Dr. B. Lal Clinical Laboratory was established in 1991 and..
    Locations looking for expansion Rajasthan
    Establishment year 1991
    Franchising Launch Date 1991
    Investment size Rs. 2lakh - 5lakh
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Ice Creams & Yogurt Parlors
    About Us: The story of Vadilal starts from the humble Vadilal..
    Locations looking for expansion Gujarat
    Establishment year 1987
    Franchising Launch Date 1988
    Investment size Rs. 20lakh - 30lakh
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Womens Wear
    Mr. Ajay Ajmera, with 32 years of textile industry experience,..
    Locations looking for expansion Gujarat
    Establishment year 2011
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surat Gujarat
  • Pathological Labs
    Agilus Diagnostics has the largest network of NABL accredited labs as..
    Locations looking for expansion Haryana
    Establishment year 1995
    Franchising Launch Date 1995
    Investment size Rs. 10000 - 50000
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurugram 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