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Mumbai-based online test preparation platform Toppr has marked its second acquisition in less than a year. After acquiring Jodhpur-based Easyprep, the startup has now acquired – Manch.
Manch was started by 3 IIT Bombay graduates Rajshekhar Ratrey, Aadil Shah and Vikas Verma in late 2013. It is an knowledge delivery platform which enables an individual to obtain competence using the platforms’ in-built analytics and recommendations.
When asked why Manch he said, “Manch brings several years of experience in product management, engineering, design; and also a deep understanding of our customer. This is very valuable in our journey to make a world class learning platform that is loved by millions of students”.
The entrance exam preparation market for K12 students is pegged at $8 Bn which is growing at about 20% every year. Other startups in the online test prep space include Embibe, Examify, TestBook among others.
Recently, Amazon India also announced launch of Exam Central bookstore, to provide exams related information, preparation books and other study material to students and job aspirants on its portal.
Last year in May, Toppr had raised about $10 Mn in the second round of funding led by Fidelity and its existing investors which includes Saif and Helion. Post that, in October, it had raised $2 Mn round from Venture Debt provider Innoven Capital.
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