Based out of Mumbai, edtech startup, Toppr, has secured Rs 350 crore in a fresh round of financing led by Gulf-based investment firm Foundation Holdings, the latest transaction in a space that has seen investors pour in hundreds of millions over the last seven months.

It is said that the startup will use the proceeds from the Series-D round to ramp up its adaptive AI learning platform and launch new platforms for coding and schools. Toppr has now raised an estimated Rs 700 crore, across rounds, till date.

"This investment will further help to develop the AI-based Toppr School Operating System (OS) - a ground-breaking platform for schools to run digitally unifying in-school and after-school learning to create a standardized and personalized experience," states, Zishaan Hayath, Founder and CEO, Toppr.

"The additional funding is a tremendous vote of

confidence for this mission. With this investment, we now have the capability and reach to truly revolutionise the K-12 education experience and ensure that no learner is left behind. We are also excited about the launch of the School OS and believe this will be a ground-breaking initiative empowering teachers and schools across the industry," adds Hayath.

Toppr currently helps prepare over 1.3 crore learners for various school, board, and competitive exams on its AI platform.

The venture claims to use natural language processing to solve learner doubts instantly & artificial intelligence, machine learning, and big data to study student behaviours and create adaptive learning paths with infinite combinations. Ensuring, every student has a unique and adaptive learning experience.

Speaking about the investment, Aakash Sachdev, Managing Director of Foundation Holdings, says, "Toppr's community of 50,000+ educators from across the country has contributed to over 35 lakh learning pieces, including questions, solutions, concepts, games and videos for the students. Our investment in Toppr also reflects our commitment to empowering great teachers via the new School OS. The new School OS already has 55,000+ learners on it."

Aakash Sachdev, Managing Director of Foundation Holdings will soon join the board of Toppr.