Toppersnotes, a Rajasthan based edtech startup that helps students prepare for exam tests, has raised $1 million in a Series Seed round funding led by Inflection Point Ventures.
The round also saw participation from LetsVenture, PlanB Capital, Pulkit Agrawal (CEO – Trell), Ashish Sharma, (MD – Innoven Capital), and from other marquee angel investors.
The startup plans to use the raised funds to acquire talent, boost technology and expand its presence across exams.
Founded by IIT Bombay alumnus, Toppersnotes is currently active in 70+ exams like UPSC, GATE, NEET, IIT, SSC, BANK & state-level government job exams. The company has more than 300k registered aspirants primarily from tier 3 and below townships on its platform.
Speaking on the funding in Toppernotes, Mitesh Shah, Co-Founder of Inflection Point Ventures said, “Prepping for competitive tests is one of the most important journeys in a student life cycle as they decide the direction of one’s career. While metros offer many options to students, it is the smaller cities where we have seen the gap in the quality of mentoring and preparation of exams.”
“Students run pillar to post and use peer group support. Toppernotes is solving this problem for the Bharat audience, which is a far bigger market than the metros and immensely underserved,” Shah added.
Commenting on the fundraising, Ayush Agrawal, Founder of Toppersnotes said, “We intend to leverage technology and content to reduce the service layer present in the education industry thus democratizing education and making it affordable for everyone. IPV got co-aligned with our vision; with their mentorship & support, we would be able to define how tier 2 and below students will learn, despite low family incomes.”