Toppr raises $46mn in funding led by Foundation Holdings

Toppr will use the fresh capital to develop an artificial intelligence-based school operating system and launch new platforms for coding.

Edtech start-up Toppr has raised $46 million in its Series D round of funding led by Gulf-based investment firm Foundation Holdings. Education-focussed private equity firm Kaizen Management Advisors also participated in the round.

The Mumbai-based start-up will use the fresh capital to develop an artificial intelligence-based school operating system and launch new platforms for coding, the company said in a statement.

Zishaan Hayath, Co-founder and Chief Executive of Toppr, said the operating system will help teachers and schools.

Abhishek Sharma, Chief Executive, Foundation Holdings, said: “UNESCO states that 1.1 billion students had their schools partially or fully closed by April 2020 due to Covid-19. Education institutions were often scrambling to offer quality e-learning tools. We believe that omnichannel, blended learning is the future and that we are set to sail into the golden age of education and education technology,” said.