The platform will invest the raised capital in enhancing its tech and product profile, expanding its student counselling team and hiring for some key leadership roles.
Founded by
"We come from a rural background and have seen people suffering due to a lack of guidance and quality education. We want to help create a level-playing field by providing all kinds of learning solutions to students from all backgrounds," said Nagar.
The latest funding round also saw participation from existing investors, including
Adda247 currently has 22 million monthly active users, and a total of two million paid users to date.
"It is one of the rare profitable ed-tech companies in
Adda247 has one of the largest content repositories consisting of more than 3 million questions, over 50,000 hours of recorded video lectures as well as a state-of-the-art e-books library. Its courses are available in 12 languages.
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