Bangalore: Mumbai based online test preparation startup Toppr.com raises $10 million in its second round of funding, led by Fidelity Growth Partners along with its existing investors SAIF Partners and Helion Venture Partners.
Incorporated in 2013 by two IITians – Zishaan Hayath and Hemanth Goteti, Toppr is an online startup that helps middle and high school students by providing subject learning practice platform for IIT, JEE, PMT and other entrance exams. Today, the firm has over 170,000 students on its platform which witnessed a record of almost 2.5 million questions practiced in April itself.
Expanding its reach, Toppr has acquired Jodhpur based Edux Solutions Private Limited – the company that operates Toppr’s competitor EasyPrep.in. Operated by Haygot Education Pvt. Ltd., Toppr claims to have more than 40 percent of students enrolled from Tier II / III cities. It further plans to explore other segments in the test preparation domain.
Speaking about the Toppr's excellence, Kabir Narang, Managing Director, Fidelity Growth Partners India says, “With its strong focus on enhancing a student’s exam preparation experience, Toppr is well positioned to emerge as the leader in this space”.