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Adda247 acquires CA test prep platform Ekagrata

EntrackrEntrackr · 1y ago
Adda247 acquires CA test prep platform Ekagrata
Medial

Google-backed edtech company Adda247 has acquired chartered accountancy (CA) test preparation platform Ekagrata Eduserv for an undisclosed amount. Adda247 had previously acquired StudyIQ in January 2021 and Veeksha in July 2023. This acquisition is expected to significantly expand Adda247’s user base, which currently has 40 million monthly users (MAU). It will position Adda247 to capture a substantial share of the booming CA test preparation market, the company said in a press release. As a part of the acquisition, Anshul Agrawal, founder of Ekagrata , will be appointed as the director of CA vertical at Adda247 to lead the category. The strategic acquisition will also see Ekagrata’s employees becoming a part of Adda247. According to market research, the CA test preparation market is valued at Rs 800 crore (nearly $100 million). The acquisition comes soon after Adda247’s expansion into the skilling, up skilling, and higher education sectors. Co-founded in 2016 by Anil Nagar and Saurabh Bansal, Adda247’s offerings include live online classes, on-demand video courses, mock tests, and e-books. As per startup data intelligence platform TheKredible, Adda247 has raised over $55 million to date from investors like Westbridge, Google, Info Edge, and Asha Impact. The firm was valued at $175 million during its last fundraise in October 2022. Gurugram-based Adda247’s revenue from operations jumped nearly two fold to Rs 115 crore in FY23 from Rs 61 crore in FY22. During the period, the firm’s losses increased by 4X to Rs 110 crore.

Eximius Ventures leads pre‑seed round in DevAssure

EntrackrEntrackr · 4m ago
Eximius Ventures leads pre‑seed round in DevAssure
Medial

Eximius Ventures leads pre-seed round in DevAssure DevAssure, a dev-tools startup, has raised an undisclosed amount of investment in a pre-seed round led by Eximius Ventures. The proceeds will be used to accelerate go-to-market expansion and deepen its multi-agent architecture, which converts Figma mock-ups and live code into executable tests, DevAssure said in a press release. Launched in 2024 by Badri Varadarajan, Divya Manohar, and Santhosh Selladurai, DevAssure deploys a coordinated network of AI agents that ingest design intent, analyze emerging code, and continuously generate, execute, and heal tests within the developer’s integrated development environment (IDE) and continuous integration (CI) pipeline. The result is a living safety net that keeps pace with modern shipping cadences. According to DevAssure, it is an AI-powered test-orchestration platform that enables software teams to generate, maintain, and execute comprehensive test suites with minimal manual effort. Its autonomous agents integrate with Figma, Visual Studio Code, and existing continuous integration pipelines to surface bugs at design time, generate test code, and safeguard every release thereafter, delivering true shift-left testing without the overhead of traditional frameworks. The company’s early production roll-outs at mid-market fintech and SaaS companies have cut test-creation time from days to hours while slashing maintenance effort by more than 80%. The company plans to expand its agent framework, add native integrations for additional IDEs and continuous integration/continuous deployment (CI/CD) pipelines, and grow sales and customer-success teams in India and the US.

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