Edtech funding continues – Toppr secures ₹350 crore for its new OS to help schools go digital

• Edtech startup Toppr 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.
• Toppr’s funding is the latest in the edtech world, which has seen increased investor interest as online education has seen a massive boost.

With schools and colleges being shut due to the coronavirus pandemic, online education has taken over and how. Edtech startups in India are reaping the benefits of this transition and this hasn’t been missed by investors.

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.

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