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i) Adda247 announces e classes for competitive exams: Keeping in view the nationwide lockdown and social distancing mandate, Adda247 is now offering students a comprehensive training for UPSC- CSE, SSB, Indian Armed Forces, GATE, IIT JAM, and CLAT. The training program format includes virtual live classes, video lectures and test series, all accessible on the Adda247 online portal.
ii) Adda247 raised $6 million for expansion: Adda247 witnessed an influx of $6 million in a series B funding. Naukri’s parent company, Info Edge, along with Asha Impact and STL led the investment. Info Edge, which previously owned a 7.06% stake in Adda247, will now hold 17%. The fresh funds will be deployed in adding new languages and exam categories on the online portal. Adda247 will also utilize a chunk of the investment towards expanding its user base in the country.
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