Toppersnotes has raised $1 million in the Seed round led by investing company Inflection Point Ventures. The round also saw participation from Lets Venture, Plan B Capital, CEO of Trell Pulkit Agarwal, Managing Director of Innovation Capital Ashish Sharma, and other notable people. The fresh funds will be used to acquire talent, boost technology and expand its presence by taking on test preparation in several new subjects across the board, said to a press statement.
About Toppersnotes:
Toppersnotes is an education initiative. It is founded by IIT alumnus Ayush Agarwal, Devendra Dhaka, and Arpit Bansal in 2015. The team of Toppersnotes is a mixture of academicians, engineers, researchers, and marketers, and they themselves were toppers, this is making the company a perfect mix to disrupt the Ed-tech space. With the constant engagement with teaching faculties, the team has introduced a ‘Phygital’ solution that brings coaching-like qualities at a low price.
About Phygital Solution:
With the Phygital solution, students will get access to personalized content delivery, performance tracking, and guidance in terms of personalized revision planners and learning schedules. The team will be leveraging AL/ML and NPL algorithms on top of their deeply structured learning data of the students, to bring personalized features and guidance to the study table. Toppersnotes Phygital solution currently offers physical notes for learning and a technology-based application platform for test preparation. This solution is an efficient and exam-centric version in the form of knowledge units.
Purpose of The Company:
The Rajasthan-based Start-up company Toppersnotes is currently active in seventy-plus exams like UPSC, GATE, NEET, IIT, SSC, Bank, and State Government competitive exams. They are solving an issue regarding the unavailability of affordable solutions in tier 2 and tier 3 cities, and below markets with an intention to emerge as a market leader in the test preparation market segment. They have more than 300k registered aspirants primarily from tier 3 and below towns on its platform. The aim of Toppersnotes is to make self-study more efficient and personalized with the use of technology and to provide learning at 1/10th of a coaching institute fees.
Founder of Toppersnotes speaks:
According to Ayush Agarwal, the founder of Toppersnotes, They will disrupt the test preparation space with personalized learning, guidance, and performance analytics features, students, even put faith heavily on test books, far distant coaching, and nearby tutors. Their intention is to leverage technology and content to reduce the service layer present in the education industry to democratize education and make it affordable for everyone. He thinks that, with the mentorship and support of Inflection Point Ventures, Toppersnotes would be able to define how tier 2 and below students will learn despite low family incomes.
About Inflection Point Ventures:
Inflection Point Ventures, founded in 2018, is an angel investing platform with over fifty-five hundred CXOs, HNIs, and professionals to together invest in start-ups. EPV supports new-era entrepreneurs by providing them monetary and experiential capital and connecting them with a diverse group of investors. The company believes that ‘Everyone can grow with start-ups.’
Toppersnotes is the 40th deal for IPV in 2021. According to IPV, it has invested Rs. 292 crore across 100 deals till now and is on track to invest Rs. 155 crore across 60 start-ups till the year-end.
IPV Co-founder speaks:
Co-founder of Inflection Point Ventures, Mitish Shah thinks that one of the most important journeys in a student life cycle is preparing for the competitive tests as they decide the direction of one’s career. Students run pillar to post and use peer group support to achieve their dream. This problem is solved by Toppersnotes for the Bharat audience, which is a far bigger market than the metros and immensely underserved.
Last But Not The Least:
Ed-tech is one of the fastest-growing industries in present times. It is the fastest-growing category in online education with test preparations. Around eight crore Students prepare for more than 600 competitive exams every year and more than 60% of these students live in small towns and face problems regarding affordability issues during their preparation. By creating a comprehensive and affordable solution Toppersnotes is trying to disrupt the huge and fragmented market.
