Layoffs · Education & Skilling

Adda247 cuts 200 staff in restructuring ahead of IPO

What they do

Adda247 is an online education platform offering courses for over 500 competitive exams

The company laid off approximately 200 employees to save ₹5 Cr annually before its planned IPO

This follows prior layoffs and a study acquisition as the firm navigates sector slowdowns

Adda247 laid off ~200 employees representing about 20% of its workforce by the end of April 2026.
The cuts affect staff across product, design, content, and teaching verticals including CUET and UPSC.
The company aims to achieve ₹5 Cr in annual cost savings through this restructuring process.
Adda247 plans to launch an IPO within the next 12-18 months following these operational changes.
This event marks a second round of job cuts after ~250-300 employees were let go in late 2023.
The company also shut down its Hindi CUET vertical as part of broader strategic adjustments.
Investors include Google, WestBridge, InfoEdge, and Asha Impact who have backed the startup previously.
Total funding raised to date stands at approximately $67 Mn according to available reports.

The company faces a growth plateau that has persisted over the last few years.
The broader edtech sector slowdown has impacted revenue trajectories and profitability expectations.
Cost-cutting measures are likely intended to improve financial metrics ahead of the public listing.
Restructuring signals a shift towards operational efficiency rather than aggressive expansion.
Previous acquisitions like StudyIQ suggest a strategy of consolidating market share in civil services prep.

Adda247 operates as a test preparation platform covering more than 500 different exams.
Key exam categories include CUET, IIT JEE, NEET, UPSC, government jobs, banking, SSC, and railways.
The platform offers live online classes, on-demand video courses, mock tests, ebooks, and physical books.
Test prep revenue accounts for roughly 75% of the company's overall revenue mix.
The business model relies heavily on digital content delivery and subscription-based learning tools.
Headquarters are located in Gurugram, serving students across India with vernacular and English content.
The company targets aspirants seeking careers in civil services, judiciary, and corporate sectors.
Revenue streams are driven by course sales and individual test series purchases.
The firm has expanded its portfolio through strategic acquisitions to cover niche exam segments.

The company intends to file for an IPO within 12-18 months.
Management will focus on improving profitability through continued operational efficiencies.
Future growth may depend on stabilizing revenue amid the sector slowdown.