Venture Debt Has Been A Very Useful Tool To Grow The Business Without Additional Dilution, Says Toppr Cofounder Zishaan Hayath
Mumbai-based personalised elearning solutions provider and online test preparation platform, Toppr has raised a venture debt funding of $2.3 Mn (INR 15.5 Cr) from Alteria Capital – the new fund launched recently by Ajay Hattangdi and Vinod Murali.
Founded in 2013 by Zishaan Hayath and Hemanth Goteti, Toppr helps students prepare for competitive entrance exams like IIT JEE Mains and Advanced, BITSAT, NEET etc. The company caters to students between 5th and 12th Grades and its learning pieces include questions, solutions, concepts, practice tests and videos for the students signed up on the app.