Edtech firm Adda 247 posts 88% jump in revenue

Google-backed multilingual learning platform Adda247 registered a revenue of ₹243.39 crore in FY24, marking a year-on-year growth of 88% from ₹129.65 crore in the previous fiscal.

Adda247 cut its net loss by 66% to ₹101 crore, down from ₹296 crore in FY23, the company said in a press release. 

The edtech startup offers online preparation courses for more than 500 examinations as paid video courses, live classes, and educational books. The platform reported over 60% growth in the number of paid subscribers in FY24.

“Sustainable growth has always been our key focus, and we are especially enthusiastic about our recent expansion into the skilling and higher education sectors,” founder and chief executive officer Anil Nagar said.