Edtech startup Adda247, which works in courses for jobs in public sector banks, government departments and the railways in its latest round of funding has raised $35 million led by WestBridge Capital.
According to the company Google, as a new investor, also participated in the round along with existing investors such as Info Edge Ventures and Asha Impact.
The New Delhi-based startup said it would use the funds to enhance its technology and product, expand its student counselling team, and hire for some key leadership roles.
Started by Anil Nagar and Saurabh Bansal in 2010, Adda247 offers live-video classes, on-demand video courses, mock tests and books focused on government exams. It claims to have around 22 million monthly active users and two million paid users.
“All our offerings focus on ‘building for Bharat' as 85% of our user base comes from tier 2,3 and 4 cities. We want to help create a level playing field by providing all kinds of learning solutions to students from all backgrounds,” Nagar said.
Sandeep Singhal, managing director of WestBridge Capital, said the startup is one of the few profitable edtech companies in India and growing rapidly. Adda247 offers content in over 12 vernacular languages for more than 500 government exams. It wants to go deeper in vernacular space by building new courses and hiring faculty for other state-level exams.
