BENGALURU: Edtech startup Toppr has raised Rs 45 crore in its second round of Series B funding, led by its existing investors SAIF Partners Helion Ventures and FIL Capital Management . Toppr had raised a cumulative $12 million in May 2014 and May 2015 in its Seed and Series B funding rounds.The funds will be used to expand geographical footprint and accelerate user acquisition. “This is a second round of series B funding by our existing investors. We expect this capital to take us to full profitability,” said Zishaan Hayath , CEO, Toppr.The company is pursuing aggressive expansion plans and is in the works to open centres in 30 cities by December 2017. Hayath is also an angel investor and has invested in Ola, among other startups, and runs an angel investment group called Powai Lake Ventures.

Source: Economic Times October 24, 2017 08:37 UTC