Adda247 Acquires CA Test Prep Platform Ekagrata

Adda247, an ed-tech business supported by Google, has purchased Ekagrata Eduserv, a platform that specializes in test preparation for chartered accountancy (CA). The exact value of the acquisition has not been published.

Adda247 had previously bought StudyIQ in January 2021 and Veeksha in July 2023.

This acquisition is anticipated to broaden further Adda247's user base, which presently stands at 40 million monthly active users (MAU). Adda247 will strategically position itself to gain a significant portion of the rapidly growing market for CA test preparation.

As part of the transaction, Anshul Agrawal, the founder of Ekagrata, will assume the role of director of the CA vertical at Adda247, taking charge of leading this category. Additionally, as a result of the strategic acquisition, Ekagrata's personnel will join Adda247.

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The acquisition follows Adda247's recent expansion into the fields of skill development, advanced training, and higher education. Adda247 was established in 2016 by Anil Nagar and Saurabh Bansal. The company provides a range of services, including live online classes, on-demand video courses, mock examinations, and e-books.

Adda247 has secured a total funding of more than $55 million so far, with investments coming from notable entities such as Westbridge, Google, Info Edge, and Asha Impact.

About Adda247

Founded in 2016 by Anil Nagar, Adda247 is India’s largest Vernacular Learning Platform. Backed by marquee investors like Google, Infoedge, WestBridge, Asha Impact & JM Financials, Adda247 provides online courses for more than 500 exams including Government Job exams, UPSC, IIT JEE, NEET, CUET, etc.

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