Mumbai based edtech firm Toppr has kicked off its series C2 funding from with Rs 15 crore investment from existing backer Kaizen Private Equity. Post this tranche Kaizen’s stake would go up from 5.58% to 7.07%.
There is more money coming in following tranches which will value the company north of Rs 1,000 crore after the completion of the ongoing round. Toppr was ranked 4th among edtech firms in terms of traffic after imposition of lockdown, according to SimilarWeb’s data.
