This edutech startup to accelerate growth by 100%, crosses 20 billion mark online
Adda247 is a virtual exam preparation platform including a wide range of test series, online classroom programs and e-learning portals.
Education startups are incorporating technology to boost up the judicious growth of students in all streams and aspects. Among them is Adda247 which is India's largest edutech company, which aims to prepare students for government job test preparation. Adda247, started by Anil Nagar in 2010, is a virtual exam preparation platform including a wide range of test series, online classroom programs and e-learning portals. The objective of the startup is to prepare and train the students on various competitive examinations. Moreover, Adda247 provides quality education to young students to shape their lives and future profoundly.
Stepping up on their goals, the edutech startup plans to achieve 100% growth in FY 2019-20 as compared to last year post an exceptional revenue growth of Rs 50 crore in the last fiscal year. The startup also witnessed a high user engagement with a monthly traffic of approximately 15 billion in FY 2018-19. Now the firm looks forward to crossing the 20 billion mark in FY 2019-20. It is also expected that the startup's application downloads are projected to increase to 10 million by the end of 2020.
There was a 90% growth in student subscription when Adda247 acquired a YouTube channel. The edutech's platform also observed a remarkable increase in its user database from several cities including Telangana, Maharashtra, Uttar Pradesh and Delhi, as compared to last year.
Commenting on the company's feat and significant growth, Anil Nagar, Founder & CEO, Adda247 said, “On the back of our accelerated growth in the past few years, we are confident that the platform will witness 100% growth this year. We are delighted to learn that a major part of the increase in engagement is from states like Uttar Pradesh, Maharashtra, etc. This is a testament to the fact that students all over India are adopting Adda247’s cutting-edge platform to effectively prepare for competitive exams. The recent expansion of our offerings in terms of courses is also helping us increase our adoption rates and expand our footprint across the nation.”