Adda247 gears up to scale 100% growth, aims to cross INR 20 billion mark in monthly online traffic in FY 2019-20

Clocking in exceptional revenue growth and user engagement last year, Adda247 has revealed its ambitious growth plans. The leading-ed tech platform is set to achieve 100% growth in FY 2019-20 as compared to last year. The platform, which recorded monthly traffic of approximately 15 billion in FY 2018-19, now aims to cross the 20 billion mark in FY 2019-20. Its users/app downloads are projected to increase to 10 million by the end of 2020.

Adda247, which recently acquired a Youtube channel to amplify its reach, has documented 90% growth in student subscription since the collaboration. Already leading in the Indian ed-tech market, the platform has witnessed revenues to the tune of INR 50 crore in the last fiscal year. The platform has also witnessed a stark increase in its user database from several cities including Telangana, Maharashtra, Uttar Pradesh and Delhi, as compared to last year.

Speaking on the company’s significant growth, Anil Nagar, Founder & CEO, Adda247 said, “On the back of our accelerated growth in the past few years, we are confident that the platform will witness 100% growth this year. We are delighted to learn that a major part of the increase in engagement is from states like Uttar Pradesh, Maharashtra, etc. This is a testament to the fact that students all over India are adopting Adda247’s cutting-edge platform to effectively prepare for competitive exams. 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.”

Adda247 is India's largest edu-tech company focussed on government job test preparation. With over 40 million online users, it is one of the most popular online platform which provides video courses, live classes, mock tests, e-books & books. With a legacy of more than 9 years, Adda247 has been helping millions of aspirants meet their career goals through its various platforms like Adda247 App,bankersadda.com & Career Power.