Edtech startup Toppr raises USD 6.92 M for Series B
Founders: Zishaan Hayath, Hemanth Goteti
Founded in: 2013
Financing status: USD 6.92 million for Series B round in 2017
Toppr was founded in 2013 by Zishaan Hayath and Hemanth Goteti, alumni of Indian Institute of Technology, Bombay. Hayath, a well-established angel investor of many Indian startups, previously co-founded Chaupaati Bazaar, a call-based product ordering startup later acquired by online retail platform Futurebazaar. Previously, Goteti served as the head of engineering at Futurebazaar and prior to that worked for Chaupaati Bazaar.
Toppr is an app-based e-learning solutions provider and online test preparation platform. It provides e-learning solutions for students from class five to class 12. It offers test preparation including engineering and medical entrance exams, as well as scholarship exams. Users can watch video lectures, practice with customized question banks, and receive inquiry responses 24*7. The startup claims to have 2 million students on its platform and claims to have over 2,000 hours of video lectures with 35,000 practice questions as well as over 40 mock tests for almost all exams. Toppr claims that its students, over a calendar year, have shown an average increase of 44% in speed and 26% in accuracy compared with other students.
The startup will use the newly raised investment to expand marketing operations as well as to accelerate user acquisition.
Other players in the edtech area in India including Byju’s, Unacademy, and more.
(Top photo from 699pic)