Adda247 raises $20M in Series B funding
Gurugram-based edtech startup Adda247 recently raised $20 million in Series A funding led by WestBridge Capital. The round also saw participation from Info Edge, Asha Impact and JM Financials.
“India at present has more than 50 crore learners, which makes the country’s educational market enormous and open for diverse requirements,” said Adda247 founder and CEO Anil Nagar. “We will be using the latest round of funds to improve the learning outcomes on our platform and give our users a superior learning experience.”
Founded in 2010 by Anil Nagar and Saurabh Bansal, the company offers to its users study materials, live classes, and mock tests to prepare for government exams.
Commenting on the investment, InfoEdge’s Kitty Agarwal said, “Adda247 has the potential to bring in the much-awaited transformation in the Indian education system where students from all corners of the country can access high-quality coaching. Their tireless efforts towards this cause is highly impressive, and we wish them continued success in the future.”
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