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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- 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
Not available
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Investments & Acquisitions
Ekagrata
& 4 more
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People of Adda247
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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.
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.
| 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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Locked | Locked | Locked | |
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Venture capital is provided to multiple sectors by MMPL Trust.
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Locked | Locked | Locked | |
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Venture capital fund investment in series-A startups
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Locked | Locked | Locked |
Investor details for Adda247
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Investments & Acquisitions by Adda247
Adda247 has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Ekagrata, PrepInsta and Study IQ.
Investment portfolio details for Adda247
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- Portfolio identities
- Transaction dates
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| 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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Locked | Locked | 2023 | Locked | |
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E-learning app offering learning solutions for students for school curriculum
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Locked | Locked | 2021 | Locked | |
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Online platform offering multi-disciplinary certification courses
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Locked | Locked | 2017 | Locked |
Complete acquisition details for Adda247
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Financial Statements - Adda247
Detailed financials for Adda247
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Adda247 Comparisons
Peer comparison for Adda247
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- Named peers
- Headcount comparison
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Online educational resources and courses for exam preparation are provided.
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| Locked | Locked | Locked |
Online learning programs for K-12 education are delivered.
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| Locked | Locked | Locked |
Mobile and SaaS-based platform providing e-learning and test preparation platform for students
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| Locked | Locked | Locked |
Edtech organization that provides career discovery and preparation solutions to high school students
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| Locked | Locked | Locked |
Self-paced courses are offered for competitive exam preparation.
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| Locked | Locked | Locked |
Government exam preparation is offered through a mobile platform.
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Detailed competitors of Adda247
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Latest news on Adda247
Complete news archive for Adda247
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Frequently Asked Questions about Adda247
Adda247 was founded in 2016.
Adda247 is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Anil Nagar is the current CEO of Adda247. They have also founded this company.
Adda247 is a funded company, having raised a total of $64.98M across 7 funding rounds to date.
Annual revenue of Adda247 is $15.59M as on Mar 31, 2023.
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.
Adda247 has 9 investors. Key investors include Google, Info Edge, WestBridge Capital, STL Tech, and JM Financial Private Equity.
The valuation of Adda247 is $172.26M as of Sep 2022.