About Adda247
Adda247 is a company based in Gurugram (India) founded in 2016 by Anupam Jindal, Saurabh Bansal, Anil Nagar, and Paresh Goel.. Adda247 has raised $64.98 million across 7 funding rounds from investors including Google, Info Edge and WestBridge Capital. Adda247 has completed 5 acquisitions, including Ekagrata, PrepInsta and Study IQ. Adda247 operates in a competitive market with competitors including Unacademy, BYJU'S, Toppr, Toprankers and Study IQ, among others.
- Headquarter Gurugram, India
- Founders Anupam Jindal, Saurabh Bansal, Anil Nagar, Paresh Goel
- Stage Minicorn
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Metis Eduventures Private Limited
- Date of Incorporation 16 Feb, 2012
- Jurisdiction Delhi, India
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Annual Revenue
$15.59 M (USD)102.5as on Mar 31, 2023
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Net Profit
$-35.6 M (USD)-87.55as on Mar 31, 2023
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EBITDA
$-36.54 M (USD)-939.59as on Mar 31, 2023
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Total Equity Funding
$64.98 M (USD)
in 7 rounds
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Latest Funding Round
$35 M (USD), Series C
Sep 21, 2022
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Investors
Google
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
Ekagrata
& 4 more
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Funding Insights of Adda247
Adda247 has successfully raised a total of $64.98M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $35 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $35.0M
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First Round
First Round
(14 May 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series C - Adda247 | Valuation | WestBridge Capital , Google | |
| Nov, 2021 | Amount | Series B - Adda247 | Valuation | WestBridge Capital | |
| Nov, 2019 | Amount | Series B - Adda247 | Valuation | Info Edge Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adda247
Adda247 has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Google, Info Edge and WestBridge Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Venture capital is provided to multiple sectors by MMPL Trust.
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Founded Year | Domain | Location | |
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Venture capital fund investment in series-A startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adda247
Adda247 has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Ekagrata, PrepInsta and Study IQ. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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CA Foundation and Intermediate courses are offered by Ekagrata.
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2023 | ||||
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E-learning app offering learning solutions for students for school curriculum
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2021 | ||||
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Online platform offering multi-disciplinary certification courses
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Adda247
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adda247 Comparisons
Competitors of Adda247
Adda247 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Unacademy, BYJU'S, Toppr, Toprankers and Study IQ, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online educational resources and courses for exam preparation are provided.
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| domain | founded_year | HQ Location |
Online learning programs for K-12 education are delivered.
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| domain | founded_year | HQ Location |
Mobile and SaaS-based platform providing e-learning and test preparation platform for students
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| domain | founded_year | HQ Location |
Edtech organization that provides career discovery and preparation solutions to high school students
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| domain | founded_year | HQ Location |
Self-paced courses are offered for competitive exam preparation.
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| domain | founded_year | HQ Location |
Government exam preparation is offered through a mobile platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adda247
Frequently Asked Questions about Adda247
When was Adda247 founded?
Adda247 was founded in 2016.
Where is Adda247 located?
Adda247 is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Adda247?
Anil Nagar is the current CEO of Adda247. They have also founded this company.
Is Adda247 a funded company?
Adda247 is a funded company, having raised a total of $64.98M across 7 funding rounds to date. The company's 1st funding round was a Series B of $6.02M, raised on May 14, 2016.
What is the annual revenue of Adda247?
Annual revenue of Adda247 is $15.59M as on Mar 31, 2023.
What does Adda247 do?
Adda247 was established in 2016 in Gurugram, India, within the edtech sector. Test preparation services for exams including banking, SSC, and CTET are delivered via a web platform and Android mobile app, in Hindi and English. Video lectures, online tests, study materials, current affairs questions, and practice quizzes are included among the offerings.
Who are the top competitors of Adda247?
How many acquisitions has Adda247 made?
Who are Adda247's investors?
Adda247 has 9 investors. Key investors include Google, Info Edge, WestBridge Capital, STL Tech, and JM Financial Private Equity.
What is Adda247's valuation?
The valuation of Adda247 is $172.26M as of Sep 2022.
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