Toppr, India’s leading after-school learning app for K12, has raised $35 million in Series C funding in a round led by Eight Roads Ventures, Helion Ventures, Kaizen PE and SAIF Partners. In this round, education-focused fund, Kaizen PE, has joined hands with Toppr’s existing investors. Alteria Capital and Times Group’s strategic investment arm, Brand Capital, also participated. Toppr has now raised a cumulative $58 million and is using these funds to fuel their adaptive platform that has over 6 million registered students.
Toppr, whose mission is to make learning personalised, has a community of over 29,000 educators from across the country. This community has contributed to more than 1.5 million learning pieces, including questions, solutions, concepts, and videos. Toppr is utilising artificial intelligence based machine learning algorithms on top of this strong infrastructure, to personalise learning paths for every student.
Commenting on the funding round, Zishaan Hayath, CEO & Founder, Toppr stated, “This is a Series C funding by new and existing investors. It is a reflection of our highly engaging product, robust business fundamentals, and the faith that the investors have in us. This capital will be used to create brand awareness, accelerate user acquisition, increase our geographical footprint and invest in training and development.”
Sandeep Aneja, Managing Partner, Kaizen PE stated, “A robust pedagogical approach that keeps students engaged and delivers outcomes, thoughtful use of artificial intelligence, and a strong management team are aspects of Toppr that convinced us about the company’s ability to continue making a significantly positive difference to the way children learn. We are pleased to join hands with SAIF Partners, Helion Ventures and Eight Roads Ventures in this path-breaking venture.”
Rahul Chandra, Managing Director, Helion Ventures said "Toppr’s operational strength has helped us to establish a nationwide sales footprint. We have the most customised content that our students are finding immensely useful in improving their scores. These new funds will help us in ramping our scale to reach millions of new students."
With close to 4 million doubts solved, 3 million tests taken, and over 300 million questions practised, the platform has been able to personalise learning for millions of students. The company is pursuing aggressive expansion plans to reach out to students across the country and to increase its geographical presence. Toppr projects its revenue to be over $500 million in the next 3 years.