MUMBAI, June 25 -- B2B edtech platform Toddle has launched a managed fundraising process to raise $50-100 million through a mix of primary and secondary transactions, according to four people familiar with the matter.

The planned round, if completed, would rank among the largest fundraises in India's education technology sector outside of Physics Wallah and signal renewed investor interest in a segment that has endured a prolonged funding drought.

The Bengaluru-based company has hired US investment bank Brown Gibbons Lang & Company (BGL) to run the process and has begun reaching out to investors, particularly in the US, the people said.

"The company has been reaching out to investors independently for about a year but has last month st...