Toppr raises $35 Mn Series C round from Kaizen, SAIF, others
Toppr, which is a Mumbai based startup runs on an eponymous, ed-tech startup has now secured $35 Million in the fresh funding round.
Ed-Tech focused private equity firm Kaizen Management Advisors Pvt Ltd and the Brand Capital, the ad for equity arm of the media house Bennett Coleman & Co Ltd, were some of the new investors. Some of the existing investors comprised SAIF Partners, Eight Roads Ventures, Hong Kong-based Axis Capital Partners, Alteria Capital, Zishaan Hayath, the CEO and Co-founder told in a report.
Toppr will now be going to use this funds for product awareness, branding and to ramp up product features.
In the month of October, some of the reports also revealed that the company was looking up to rise to $20 Million from the above mentioned Kaizen and existing investors.
According to the report, the investment which is likely to make the Toppr Series C round will make the valuation of the company to $130 Million.
In December last year, Toppr had raised Rs 45 crore (around $7 million) as part of an extended Series B round from SAIF Partners, Helion Ventures and FIL Capital Management, part of Eight Road Ventures.
In the month of February 2018, Toppr valuation stood at $60 Million after it had raised an undisclosed amount of sum from the Axis Capital Partners.
In May this year, it had raised 15.5 crores ($2.3 million) in venture debt from Alteria Capital.