Mumbai’s Toppr, an artificial intelligence learning app, has raised £ 350m in Series D funds led by Foundation Holdings with the participation of other long-standing partners such as Kaizen Private Equity.
The company has now raised a total of £ 700 million. Toppr will use this investment to develop the AI-based Toppr School operating system, the company said in a statement.
“Our investment in Toppr also reflects our commitment to empower great teachers through the new school operating system. The new school operating system already has more than 55,000 learners,” said Aakash Sachdev, managing director of Foundation Holdings. Sachdev will join the Toppr board.
Abhishek Sharma, CEO of Foundation Holdings, said: “According to UNESCO, 1.1 billion students had partially or fully closed their schools by April 2020 due to Covid-19. Educational institutions often endeavored to offer high quality e-learning tools. We believe that omni-channel blended learning is the future and that we will be sailing into the golden age of education and technology. Toppr’s industry-leading adaptive education platform will enable us to achieve unprecedented impact. ”