Adda247

Adda247 laid off 200 employees representing approximately 20% of its workforce on 2026-05-10. The company is at the Series B funding stage and operates in the Education sector.

In October 2023, Indian edtech startup Adda247 laid off approximately 250 to 300 employees across various departments, including sales, content, and faculty. This downsizing, which also affected 100-150 staff from its acquired platform StudyIQ, was reportedly conducted abruptly to extend the company's financial runway amid a challenging funding environment for the sector. Backed by investors like WestBridge Capital and Google, Adda247 is a test-prep platform focused on government job exams and had raised over $60 million. The layoffs reflect broader pressures in the edtech industry, even as the company had seen significant revenue growth in prior years.