Edtech funding continues – Toppr secures ₹350 crore for its new OS to help schools go digital
- Edtech startup
Topprhas raised ₹350 crore ($46.7 million) in a series D round of funding.
- The round was led by Dubai-based Foundation Holdings and also saw participation from existing investor Kaizen Private Equity.
- Toppr’s funding is the latest in the edtech world, which has seen increased investor interest as
online educationhas seen a massive boost.
AdvertisementWith schools and colleges being shut due to the coronavirus pandemic, online
The latest to join the long list of funded edtech startups is Toppr, which has raised ₹350 crore ($46.7 million) in a series D round of funding. The round was led by Dubai-based Foundation Holdings and also saw participation from existing investor Kaizen Private Equity.
Others in the sector – Byju’s, Unacademy, Vedantu have all raised funding in the last few months to support the sudden influx of millions of new users.
Toppr’s Artificial Intelligence-led learning platform has over 1.3 crore registered students and with the latest funding, the startup aims to build the AI-based Toppr School Operating System (OS) – a platform for schools to run digitally.
“With this investment, we now have the capability and reach to truly revolutionize the K-12 education experience and ensure that no learner is left behind. We are also excited about the launch of the School OS and believe this will be a ground-breaking initiative empowering teachers and schools across the industry,” said Zishaan Hayath, Founder and CEO, Toppr in a statement.
Earlier in July, the platform had also launched Toppr Codr – one-on-one live coding classes for children aged between 6 and 18 years. The idea behind Toppr Codr was to teach young students how to create their own apps, websites, games, and other interactive platforms using creative and playful experiences from their daily lives.
Flipkart offers 90-minute delivery as competition from JioMart, Dunzo, BigBasket heats up
Reliance is building up it’s retail empire – ahead of Future deal, Reliance Brands adds Zivame in its cart
Popular on BI
- Yasin Malik sentenced to life in terror funding case
- Apple could be looking to increase production in India but its geopolitical tension with China might hinder the process, says analyst
- To help fight water scarcity, a machine that produces drinking water from air has been launched in India
- Voltas records an unprecedented triple-digit growth in April '22
- Best moisturizers to keep skin soft and nourished