Bootstrapped Edtech venture, Toprankers.com – India’s largest platform for careers beyond engineering and medical, has raised $4M in Series A funding from leading consumer fund, Sixth Sense Ventures. Headquartered in Bhopal, Madhya Pradesh, Topranker, currently has an overall strength of 225 employees where 110 employees in the Bhopal center.
Within India’s ed-tech sector, the $12B online test-prep space is the fastest growing at a 38% CAGR, set to quadruple to $4B by 2025 with over 5M+ paid users. While this space has historically been driven by engineering (JEE), and medical (NEET), engineering has ironically witnessed a 10-year low in student enrolment seats, signaling a clear shift in careers. The students of modern India are looking for careers beyond engineering and medicine.
Commenting on the funds raised Karan Mehta, Chief Growth & Product Officer, Toprankers, said, “At Toprankers, our mission is to give students an experience of a lifetime. For instance, Legaledge by Toprankers was founded to shape the careers of CLAT aspirants, apart from focusing on core studies, we made it a point to ensure a fun experience for everyone associated with us. With time, it has emerged as the largest center in the country for CLAT preparation with students coming from even states like Assam, Kashmir & Meghalaya to study in Bhopal or attend our online classes. We have developed a unique culture of student engagement wherein everything has been closely blended.”