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Toppr, an app for personalised learning for school students, has raised Rs 45 crore in its second round of Series B funding led by its existing investors SAIF Partners, Helion Ventures and FIL Capital Management.
Toppr had raised $12 million in May 2014 and May 2015 in its seed and Series B funding rounds, and has used those funds to fuel the adaptive platform with over 2 million registered users, and over 1 million app downloads.
“This is a second round of Series B funding by our existing investors. It is the reflection of our healthy unit economics and a reinforcement of the belief that the investors have in us. This capital will be used to expand the geographical footprint and accelerate user acquisition. We expect this capital to take us to full profitability,” Zishaan Hayath, CEO & Founder at Toppr, said.
The company is planning to open centres in 30 cities by December 2017, while it expects to earn $500 million revenue in the next 4 years.
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