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Test prep portal Toppr.com acquires EasyPrep to enhance its presence

Online test prep Toppr.com has reportedly bought EasyPrep for an undisclosed amount, reports Live Mint. According to the report, the acquisition could help Mumbai-based Toppr enhance its presence. 

Founded in 2013, Toppr is backed by private equity firms SAIF Partners and Helion Venture Partners and has raised close to $2 million in 2014. It employs over 100 people and serves 150,000-plus students in India.

Online test prep Toppr.com has reportedly bought EasyPrep for an undisclosed amount, reports Live Mint. According to the report, the acquisition could help Mumbai-based Toppr enhance its presence. 

Founded in 2013, Toppr is backed by private equity firms SAIF Partners and Helion Venture Partners and has raised close to $2 million in 2014. It employs over 100 people and serves 150,000-plus students in India.

The entrance exam preparation market for students up to the 12th grade is valued at $8 billion and is growing 20% year on year, Toppr told Live Mint. It gets more than 40% of its students from smaller cities.

EasyPrep was founded by Vivek Sharma and Ankit Saraswat. The company provides an online and offline platform for schools, coaching institutes and teachers to create exam papers for classroom teaching, student assessment and helping students prepare for competitive examinations.

“Ankit and Vivek have built a great team and they have deep understanding of the K-12 segment. Toppr.com’s main focus has always been towards building great products and having EasyPrep team onboard gives us more ammunition to execute our plans faster,” Zishaan Hayath, Co-Founder and Chief Executive of Toppr.com, told Live Mint. 

“We felt that Toppr.com was heading in exactly the right direction which we would have liked to achieve and joining forces with them enhances our capacity to serve more students,” Ankit Saraswat, Co-Founder of EasyPrep, was quoted in the report as saying.

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