With Coronavirus onset, Ed-tech firms are gold dust these days. Ed-tech startup Toppr has raised $50 million crore in a Series D funding round led by global investment firm Foundation Holdings.
With this round, Toppr joins bigger ed-tech players that have successfully raised capital despite the covid crisis. Byju’s raised about $100 million from US technology investor Bond in May, while Unacademy raised $110 million from Facebook and General Atlantic in February.
Zishaan Hayath, Toppr CEO and co-founder, said “…This investment will further help to develop the AI-based Toppr School Operating System (OS) – a ground-breaking platform for schools to run digitally unifying in-school and after-school learning to create a standardized and personalized experience,”.
Toppr had raised $60 million in December 2018 as part of its Series C, led by Kaizen PE, along with existing investors Eight Roads Ventures, Helion Ventures and SAIF Partners. Till date, Toppr has raised around $110 million.
Toppr claims to have more than 1.3 crore learners on its AI platform and helps them prepare for various school, board, and competitive exams. It uses natural language processing to solve learner doubts instantly.
It claims to have emerged as the highest traffic destination for K-12 learning and hosts over 1 million sessions every day. Toppr’s community of 50,000+ educators from across the country has contributed to over 35 lakh learning pieces, including questions, solutions, concepts, games and videos for the students.