Toppr.com Raises $10 Million To Prepare Indian Students For Entrance Exams
Mumbai-based startup Toppr.com has raised $10 million in funding from Fidelity Growth Partners India, SAIF Partners, and Helion Ventures.
The project was founded in 2013 and aims to help students prepare for entrance exams to engineering and medical schools, including public universities like the Indian Institutes of Technology.
According to co-founder Zishaan Hayath, many students are left to rely on private coaching in order to prepare for higher education. This concept has essentially turned private tutors into a growing and lucrative business, and whose expenses not many are willing to meet.
Toppr.com provides an alternative to that, and currently has 170,000 students enrolled. The company hopes to see this number grow to five million by 2017.
“India being the youngest country has the highest number of students enrolled in schools than any country in the world. Over 300 million students are studying in various schools across India, which is more than the entire population of the U.S. The current educational system is extremely inefficient and the only way to take a leap is through extensive use of technology,” Hayath told TechCrunch.
Toppr.com uses adaptive learning technology to customize teaching materials to each student’s needs and prepare them to cope with the demands of an entrance exam.