Google-backed edtech startup Adda247 has laid off over 200 employees — roughly 20% of its workforce — as part of a restructuring exercise ahead of a planned public listing, according to a Business Standard report.
The cuts were carried out on April 30, 2026, at the company’s Gurugram office and affected teams across product, design, content, CUET, UPSC, judiciary preparation, and teaching functions.
Founded by Anil Nagar and Saurabh Bansal, Adda247 provides online test preparation courses for government exams, UPSC, banking, SSC, and railways, among other competitive exams. The startup has raised approximately $67 million to date from investors including Google, WestBridge Capital, Info Edge, and Asha Impact.
CEO Anil Nagar has said the company recorded around Rs 240 crore in revenue in FY25, with losses of nearly Rs 70 crore. Adda247 is targeting a public listing within the next 12–18 months, and the layoffs are expected to save the company nearly Rs 5 crore annually in salary expenses.
Employees also cited slowing growth in some segments, weaker traction in StudyIQ’s online business, and concerns around cash runway as contributing factors.
This is not the first significant round of cuts at the company. In October 2023, Adda247 let go of approximately 250–300 employees across sales, content, and faculty roles.
Entrackr has reached out to Adda247 for comment.
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