[Funding alert] Edtech platform Adda247 raises $20M in Series B led by WestBridge Capital

Adda247, a Gurugram-based multilingual edtech stage giving web-based courses in nine dialects, has raised Series B financing of roughly $20 million drove by WestBridge Capital. The round likewise saw support from existing financial backers, including Info Edge, Asha Impact and JM Financials. 


Established by Anil Nagar and Saurabh Bansal in 2010, Adda247 offers items like live-video classes, on-request video courses, mock tests, and books focussed on government assessments. With 15 million month to month dynamic clients, the stage will utilize the furthest down the line assets to upgrade the innovation and item and direct senior-level recruiting. 


The edtech organization is additionally anticipating the securing of a couple of organizations with reciprocal contributions. 


"India at present has in excess of 50 crore students, which makes the country's instructive market huge and open for different prerequisites," said Anil Nagar, Founder and CEO of Adda247. "We will utilize the most recent round of assets to further develop the learning results on our foundation and give our clients a prevalent learning experience." 


Sandeep Singhal, Managing Director and Co-originator, WestBridge Capital, added that Adda247's organizers have fabricated a promising and separated stage for government work searchers in India, which can possibly make enormous scope sway with a manageable plan of action. "We anticipate supporting them in their undertakings and the following period of their development," Sandeep said. 


Adda247 is offering courses for different cutthroat tests (like Banking, SSC, Teaching tests, Defense tests, GATE, JEE, NEET, UPSC and state tests). 


The organization is set for take quality training to the majority and make a level battleground as far as admittance to the quality substance, vernacular substance, customized learning, and reasonable valuing. It targets students outside the metros and gives courses in vernacular dialects like Tamil, Telugu, Malayalam, Bengali and Odia. The firm has as of late entered the K12 fragment focusing on state board understudies in Tier II and Tier III crowds. 


As indicated by Kitty Agarwal, InfoEdge, "Adda247 can possibly acquire the much-anticipated change in the Indian schooling framework where understudies from all edges of the nation can get to excellent instructing. Their energetic endeavors towards this reason is exceptionally great, and we wish them proceeded with achievement later on." 


Pramod Bhasin, Co-organizer of Asha Impact, said, "Anil and Saurabh have shown amazing initiative throughout the most recent year and a half and have constructed a class driving organization that more than 20 million understudies depend on. In light of their profound comprehension of this understudy base, Adda247 is interestingly situated to turn into the biggest mass-market centered edtech stage in the nation and we're excited to have Westbridge go along with us in the excursion."


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