Online learning platform Adda247 has raised Series B funding of $6 million led by Infoedge (India) Ltd and Asha Impact. STL, a current investor of Adda247, also participated in the latest round. With this round, Adda247 has raised a total of $10 million of funds to date.
Founded by Anil Nagar and Saurabh Bansal in 2010, Adda247 offers products like live-video classes, on-demand video courses, mock tests, and books focused on government examinations. The company claims that it has recorded 10 times growth in the last three years in terms of revenue and paid users.
The edtech company houses multiple platforms such as the Adda247 mobile app, the Adda247 YouTube channel, BankersAdda, SSCAdda, TeachersAdda, and Career Power.
The edtech player plans to leverage the funds raised to expand its offerings to new exam categories, add new languages on the platform, and amplify its pan-India presence.
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