The platform will invest the capital raised in improving its technology and product profile, expanding its student mentoring team and hiring a number of key leadership roles.
“Coming from a rural background, we have seen people suffer from 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,” says 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 so far.
“It is one of the rare profitable ed-tech companies in
Adda247 has one of the largest content repositories, comprising more than 3 million questions, more than 50,000 hours of recorded video lectures, and a state-of-the-art library of e-books. The courses are available in 12 languages.
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