CHENNAI:
Toppr
, a mobile app for personalised learning for school students, has raised Rs 45 crore in its second round of Series B
funding
, led by its existing investors
SAIF Partners
,
Helion Ventures
and
FIL Capital Management
.
Commenting on the funding round, Zishaan Hayath, CEO & founder, Toppr, said, “This is the second round of Series B funding by our existing investors. It is the reflection of our healthy unit economics and a 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.”
The company plans to open centres in 30 cities by December 2017. It projects 20x growth in its junior grades and 15x growth in its senior grades subscription by 2021, making it a company with over US$500 million in revenue in the next four years.
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