Edtech Venture, Toprankers Raises $4M in Series A Funding – India Education | Latest Education News | World Education News

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Launch of the Edtech company, toprankers.com – India’s largest platform for careers beyond engineering and medicine, has raised $4 million in Series A funding from leading consumer fund, Sixth Sense Ventures.

India’s $12 billion online test prep space is fastest growing in India’s edtech sector with a CAGR of 38%, expected to quadruple to $4 billion by 2025 with over 5 million paying users. While this space has historically been dominated by engineering (JEE) and medicine (NEET), engineering has ironically seen a 10-year low in student enrollment, signaling a clear shift in careers. Students in modern India seek careers beyond engineering and medicine.

Comment on the funds raised Gaurav Goel, CEO of Toprankerssaid, “More than 15 million students enter grade 12 each year, with about 10% in engineering and medicine. The remaining 90% are unclear about their career choices, we want to help this segment make a clear choice about their career and provide them with the right preparation courses for a better future. We have brands that offer unique career opportunities, and we will continue to add more brands to serve a larger pool of students across all verticals.

Top ranks participate in these white spaces, tapping into careers beyond engineering and medicine, focusing on undergraduate and postgraduate program streams in:

  • Law – CLAT, AILET, LLM (LegalEdge)
  • Court Services – State Examinations (Court Gold)
  • Management – ​​CUET, IPM (SuperGrads)
  • Design, fashion and architecture – NATA, NID, UCEED (Creative Edge)

Nikhil Vora, Founder and CEO of Sixth Sense Ventures, added again, “Online test prep is a high growth opportunity fueled by increased competitiveness and migration from offline to online/hybrid. Millennials and Generation Z aspire to careers, beyond engineering and medicine, presenting large white spaces with almost no incumbents present. Gaurav, Karan, and Harsh are seasoned educational technology founders who understand the nuances of a successful student career path.

We look forward to partnering with Toprankers as it establishes itself as India’s largest platform for new era careers for students of tomorrow. »

Founded by serial entrepreneurs Gaurav Goel, Karan Mehta and Harsh Gagrani, Toprankers has kick-started careers for over 2 lakh students and aims to create careers for 1 million students over the next 3 years. Toprankers has already achieved a dominant share in law, with LegalEdge racking up 70% of rankings in state law exams, while Judiciary Gold replicates that success in state judicial exams. The company’s new initiatives, SuperGrads and Creative Edge, have also embarked on a similar journey producing the best AIRs in management and design.

In addition to test preparation, Toprankers helps students discover their careers, prepare for a job, study abroad, and more. Clear goal to be a full fledged career company. The recently announced CUET (Common Universities Entrance Test) – a compulsory examination for admissions in the majority of national universities with 15L aspirants, presents a great opportunity for the company.

“CUET will potentially create a huge test prep vertical. Being one of the first to have an active product allows Toprankers to capitalize on this opportunity. Delighted to partner with Toprankers on their journey to becoming one of the largest comprehensive career companies,” said Nimisha Nagarsekar, Investment Partner, Sixth Sense Ventureswho will join the company’s board of directors.

Felix-ETR is the banker of the transaction.

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