Education technology platform Adda247, which offers preparation for government and banking exams, has announced that it clocked a monthly traffic of approximately 15 billion in FY 2018-2019 and Rs 50 crore in revenue.
The company aims to achieve a monthly traffic of over 20 billion in FY 2019 –2020 and is looking at achieving 100 per cent growth compared to last year. Adda247 claims to have over 40 million online users and has reported an increase in its user base from places such as Telangana, Maharashtra, Uttar Pradesh and Delhi.
“On the back of our accelerated growth in the past few years, we are confident that the platform will witness 100 per cent growth this year. A major part of the increase in engagement is from states such as Uttar Pradesh, Delhi and Maharashtra. The recent expansion of our offerings in terms of courses is also helping us increase our adoption rates and expand our footprint across the nation,” Anil Nagar, Founder and CEO, Adda247, said.