Online test preparation platform TopNotes raises 1M in seed round led by IPV

Toppersnotes, an online trial preparation startup, has raised 1 million in a seed funding round led by Inflection Point Ventures.

LetsVenture, Planby Capital, Pulkit Agarwal (CEO – Trail), Ashish Sharma, (MD – Innovation Capital), and other notable angels have also participated in the funding round.

According to a press statement, the latest funds will be used to acquire talent, promote technology and increase its presence by preparing for exams in several new subjects on the board.

Co-founded in 2015 by IIT Bombay alumni Ayush Agarwal, Arpit Bansal and Devendra Dhaka, TopNotes encourages students to reach higher levels in their academic field. Students can perform best using their innovative products for various competitive exams. The platform is currently active in 70+ exams like UPSC, GATE, NEET, IIT, SSC, BANK and state level government job exams, which address the real problem of unavailability of affordable solutions in Tier 2 and 3 cities and below. To emerge as a market leader in the test prep market segment.

Speaking about the company, Ayush Agarwal, co-founder of Toppersnotes, said,

“With personalized learning, guidance and performance analysis features, we will disrupt the test preparation space, where students today still rely heavily on textbooks, distance coaching and local teachers. Is and is affordable for everyone. IPV has co-aligned with our vision; with their guidance and support, we can define how students in Grade 2 and below will learn, despite their low family income. “

The aim of Toppersnotes is to make self-study more efficient and personalized with the use of technology and to provide education at the rate of 1/10 of the fee of the coaching institute. The company has more than 300k registered aspirants in Tier 3 and below, mainly on the platform.

Mitesh Shah, co-founder of Inflation Point Ventures, said:

“Preparing for competitive exams is the most important journey in the student life cycle as it determines one’s career direction. The metropolis offers students many options, but these are small towns where we have seen differences in the quality of guidance. And exam preparation. The group uses support. TopNotes solves this problem for the Indian audience, which is a much larger market than metros and less service. “

Toppersnotes has adopted a Phygital model, which allows students to gain access to personalized content delivery and gain enhanced performance tracking and guidance in terms of personal repetition planners and learning schedules.

Physical Solutions currently offers a technology-based app platform for learning physical notes and test preparation. The solution is efficient and test-focused versions of books with structured content in the form of knowledge units.

Toppernotes is the 40th deal for Inflation Point Ventures in 2021. According to the company, the company has so far invested Rs 292 crore in 100 deals and is on track to invest Rs 155 crore in 60 startups by the end of the year.

About the author

Author: Shalini Pathak

Shalini Pathak is a staff writer at EdTechReview (ETR) – India’s leading Adtech media and community. She has four years of experience in media covering various beats. Like all writers, she is first and foremost an avid reader who has a passion for creating content out of the box and has the ability to write on any topic. As part of the ETR team, it will cover the latest developments in the Adtech industry, focusing on the stories of Adtech startups and their funding.

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