Toppr raises Rs 350 crore in Series D round led by Foundation Holdings
Mumbai based online education startup, Toppr Technologies Pvt. Ltd. raised Rs 350 crore ($46 million) in a Series D funding round led by Foundation Holdings, a Dubai-based family investor, continuing the funding trend of Ed-tech firms.
Toppr raises Rs 350 crore in Series D round led by Foundation Holdings. Mumbai based online education startup, Toppr raises Rs 350 crore ($46 million) in a Series D funding. Round led by Foundation Holdings, a Dubai-based family investor, continuing the funding trend of Ed-tech firms.
Moreover, Education-focused private equity fund Kaizen, an existing investor in Toppr, also participated. Toppr has raised a total of about Rs 700 crore so far.
Furthermore, the ed-tech startup was founded in 2013 by IIT Bombay alumni Hayath. And Hemanth Goteti. Prior to setting up Toppr, Hayath had founded phone-commerce startup Chaupaati Bazaar. Goteti was head of engineering at e-commerce platform Futurebazaar.com.
Toppr, which provides classes for students from kindergarten to Class 12; recently launched coding classes. The startup has over 1.3 crore students registered on its platform and will use the funds to develop the Toppr School Operating System, for schools to provide a standardised in-school and after-school learning experience.
Toppr Raises Money
Zishaan Hayath, Founder and CEO, Toppr, said. “Toppr has been at the forefront of delivering adaptive learning to our students. And now also to teachers to ultimately enable a positive future for schools. We are committed to our mission to make learning personalised. The additional funding is a tremendous vote of confidence for this mission. With this investment, we now have the capability and reach to truly revolutionise the K-12 education experience and ensure that no learner is left behind.
Also,in a statement, Aakash Sachdev, Managing Director of Foundation Holdings, said. “Our ambition is to implement an industry leading model for AI-enabled. Blended education delivery by empowering educational institutions. And teachers to create a platform of change and impact. But Toppr’s market leading, proprietary machine learning technology is uniquely positioned. Also to provide an integrated, curated, personalized pedagogy platform. Hence is mapped to 22 curriculums, designed to take schools to the future.”
We are happy to announce the launch of Toppr CODR — live 1-on-1 coding classes for kids age 6-18.
Designed by the experts of MIT and IITs, Toppr Codr develops creativity and logical thinking.
To know more, book a free coding class on https://t.co/aSpdajsAD2 https://t.co/aav56ADqWq
— Toppr.com (@myToppr) July 14, 2020