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Online test-prep site Toppr raises $10 mn in funding round led by Fidelity Growth Partners

Mumbai-based startup has raised $10 million in the second round of funding, led by Fidelity Growth Partners. According to a Times of India report, existing investors SAIF Partners and Helion Venture Partners also participated in the round.

A year ago, had raised $2 million from SAIF Partners and Helion Ventures.

Founded in 2013 by two IIT-Bombay graduates, Zishaan Hayath and Hemanth Goteti, Toppr focuses on offering entrance preparation material to students through its portal and mobile app, which can be accessed on-the-go. 

Toppr largely concentrates on engineering and medical entrances exam preparation tools, which are the two most lucrative streams for the brick-and-mortar coaching institutes as well. As many as 14 lakh students take the highly competitive JEE entrance every year while 8 lakh take the medical exam. Toppr, which rolled out its product in September 2013, plans to explore other segments in test preparation.

Last month, we reported that bought EasyPrep for an undisclosed amount, in a bid to help the Mumbai-based start-up to enhance its presence. 

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