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Mridul Das

Introvert!ย โ€ขย 8m

Do you know Adda24/7 ๐Ÿ“‘is coming with 3D learning (with VR).Here is a short case study of ADDA24/7๐Ÿ“‘ startup with a valuation of $175 million ๐Ÿ’ต,๐Ÿ‘‡ -Adda 247๐Ÿ“‘ is Edu-Tech๐ŸŽ“ company focussed on government job test prep segment. But they are rapidly changing the Edu-Tech๐ŸŽ“ industry with new futuristic and creative ideas ๐Ÿ’ก. -They have total 40million users๐Ÿซด๐Ÿ”ฅ. - On Jun 2023 Adda247๐Ÿ“‘ acquired Veeksha ( which was in focus for future leaning ways like VR) for an undisclosed amount. This acquisition will also lead to Veeksha being merged into Adda247๐Ÿ“‘ and have complete vision synergies. Together with Veeksha. -They even acquired UPSC focused ed-tech platform StudyIQ Education๐ŸŽ“. Fundings๐Ÿ’ต๐Ÿ’ต -The Anil Nagar-led company raised $35 million in October 2022 from investors like Google, WestBridge Capital, Infoedge and Asha Impact. Entrackr was first to report the development.๐Ÿ‘‡ -Founders own 26.30%๐Ÿ“ˆ, Funds (largest shareholder) own 56.69%๐Ÿ“ˆ, Enterprises own 2.74% and Other People own 3.24%๐Ÿ“ˆ. The net worth of Adda247's founders is INR 372Cr๐Ÿ”ฅ ๐Ÿ’ตas of Oct 17, 2022. -Last year their revenue was Rs 243 cr๐Ÿ’ต with an increase of 88%๐Ÿ”ฅ :)...thnkx reading โšก

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