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Toppr secures $2M investment from Helion Venture Partners & SAIF Partners

Mumbai-based online test preparation service Toppr has raised $2 million from Helion Venture Partners and SAIF Partners, reports NextBigWhat. The company had previously raised an undisclosed amount of investment from angel investor Abhishek Jain and former FutureBazaar president & Chaupaati Bazaar founder Kashyap Deorah last year. It's worth noting that one of the Toppr co-founders Zishaan Hayath was also the co-founder of Chaupaati Bazaar while the other co-founder Hemanth Goteti was the principal engineer there. Chaupaati Bazaar was later acquired by FutureBazaar in September 2010. Founded in April 2013, Toppr provides test and practice packages for various entrance exams in India. These include engineering entrance exams like IIT JEE (Mains and advanced) & BITSAT, medical entrance exams like NEET, AIIMS, AIPMT and AFMC among others and foundation competitive exams across various boards like CBSE, ICSE and other state boards (NTSE, NSTSE, IPM and MTSE among others). It offers these services through various two-year packages ranging from Rs 4,900 (Engineering exams or Medical exams) to Rs 6,900 ( Foundation competitive exams). The service is available on the web and Android. Earlier this month, online education platform Embibe which offers a similar test preparation service, had raised $4 million from Kalaari Capital and Lightbox Ventures. Vishal Gondal-backed Examify uses algorithms and crowd sourcing to generate intelligence around various examinations, allowing students to filter out important topics and questions. Besides this, there's also Times Internet-backed mobile education marketplace GradeStack which offers dedicated apps for IIT JEE preparation and CAT exam preparation among others.

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