What is Adda247?
Adda247 is a prominent online learning platform based in Haryana, India, dedicated to preparing aspirants for government job examinations. Since its inception in 2010, the company has established itself as a key player in the Indian edtech landscape, offering a comprehensive suite of resources and courses designed to meet the rigorous demands of competitive exams. Its extensive reach and commitment to quality education have positioned it as a go-to resource for millions of students nationwide.
How much funding has Adda247 raised?
Adda247 has raised a total of $55M across 2 funding rounds:
Series B
$20M
Other Financing Round
$35M
Series B (2021): $20M with participation from JM Financial, Info Edge (India), Westbridge Capital Us Advisors, and Asha Impact
Other Financing Round (2022): $35M led by Info Edge (India), Westbridge Capital, Google, and JM Financial
Key Investors in Adda247
Info Edge (India)
Info Edge (India) Limited is a leading online classifieds company in India, specializing in recruitment, matrimony, real estate, education, and related services. As one of the few profitable pure play internet companies in the country, it caters to a diverse clientele seeking various online services.
Westbridge Capital
Westbridge Capital is a private equity company that acquires mature operating businesses. The company often structure the company's deals with management as the company's partners to ensure a long term alignment of interests.
Google's mission is to organise the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world.
What's next for Adda247?
With substantial backing from strategic investors, Adda247 is poised for accelerated growth and market penetration. The recent major strategic investment signals confidence in the company's business model and its potential to further disrupt the government job exam preparation market. Future initiatives are likely to focus on enhancing its digital learning tools, expanding course offerings, and potentially exploring new educational verticals. This strategic financing will empower Adda247 to solidify its market leadership and continue its mission of empowering students across India.
See full Adda247 company page
