India’s government jobs examination preparation platform Adda247 has raised $35Mn in a round led by WestBridge Capital. The funding round also saw participation from Google as a new investor. Other investors are Info Edge and Asha Impact.
The investment will be used in enhancing its tech and product profile, expanding its student counselling team and hiring for some key leadership roles.
Commenting on the funding, Anil Nagar, Founder & CEO of Adda247 said, “The company’s genesis lies in solving education problems in towns and villages. We come from a rural background and have seen people suffering due to a lack of guidance and quality education. All our offerings focus on ‘Building for Bharat’ as 85% of our user base comes from Tier 2,3 & 4 cities. We want to help create a level playing field by providing all kinds of learning solutions to students from all backgrounds.”
After this new raise, the company plans to go deeper into the vernacular test preparation category by building new courses and setting up faculty for other state-level exams. It also aims to explore a few strategic acquisitions in the coming months to complement its offerings in the government job preparation category.
Adda247 currently has 22 million monthly active users, and a total of two million paid users to date.