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Adda247 lays off 20% workforce ahead of IPO
Google-backed edtech major Adda247 has laid off 20% of its workforce, or around 200 employees, in an internal restructuring ahead of its planned IPO next year. A Business Standard report, citing ...
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 ...
https://www.thehindubusinessline.com/news/education/adda247-reports-88-growth-in-revenue-66-decline-in-losses-in-fy24/article68222311.ece Copy Google-backed edtech ...
Adda247 attributed this growth to the already existing verticals across government job exams, UPSC and the newly introduced K13 verticals The company has also narrowed its net loss by 66% to INR 101 ...
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