Toppr, an online platform that provides personalised learning solutions, has announced that it has secured around ₹45 crore in its Series B funding round.
The investment in the current round comes from its existing investors SAIF Partners, Helion Ventures, and FIL Capital Management.
The startup is now planning to open 30 new centres across the nation by the end of December 2017. It projects 20x growth in its junior grades and 15x growth in its senior grades subscription by 2021.
Commenting on the funding round, Zishaan Hayath, CEO & Founder, Toppr stated,
This is the 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.
Last year in May, Toppr had raised about $10 million in a second round of funding led by Fidelity and its existing investors which includes SAIF and Helion. Post that, in October, it had raised $2 million from Venture Debt provider Innoven Capital.
The company claims to have a strong presence in Mumbai, Delhi, Chennai, Bangalore, Hyderabad, Ahmedabad, Pune, Nagpur, Jaipur, Kota, Vijayawada, Indore, Bhopal, Lucknow, Gurugram, and Baroda.
It provides personalised education for students from classes 5 to 12, across CBSE, ICSE, and various state boards. It also offers tailored content that helps students learn better.