Edtech platform Adda247, backed by Google, has reportedly laid off around 250-300 employees. Another edtech platform, StudyIQ, which was acquired by Adda247, has also laid off about 100-150 employees.
Google-backed multilingual learning platform Adda247 registered a revenue of Rs 243.39 crore in the financial year ended March 31, 2024, with a year-on-year (YoY) growth of 88% from Rs 129.65 crore ...
Google-backed vernacular test prep platform Adda247’s revenue doubled, while its losses grew close to fourfolds for the fiscal year 2022-23, on the back of growing expenses as the company invested in ...
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