Toppr raises Rs 45 crore from SAIF, Helion, others

Mumbai- based Toppr, a personalised mobile app that offers learning solutions for school students has raised Rs 45 crore in its Series B round of funding from its existing investors SAIF Partners, Helion Ventures and FIL Capital Management.

“It is the reflection of our healthy unit economics and reinforcement of the belief that the investors have in us. This capital will be used to expand the geographical footprint and accelerate user acquisition. We expect this capital to take us to full profitability,” said Zishaan Hayath, CEO, and founder of Toppr in a statement.

The company is pursuing aggressive expansion plans, to reach out to students across the country and open centres in 30 cities by December 2017.

It is targeting 20x growth in its junior grades and 15x growth in its senior grades subscription by 2021, making it a company with over USD 500 million in revenue in the next 4 years.