Google backed edtech startup Adda247 has reportedly laid off more than 200 employees as part of a restructuring exercise ahead of its planned initial public offering. The layoffs account for nearly 20% of the company’s workforce and were carried out at its Gurugram office on April 30, according to reports.
The restructuring reportedly impacted teams across product, design, content, CUET, UPSC, judiciary preparation and teaching functions. The company said the move was part of a periodic organisational review aimed at improving execution and strengthening learner outcomes.
Adda247, in an email statement, said, We periodically review our organisational structure to improve execution and better serve learners. As part of this exercise, we have made certain structural adjustments across functions while continuing to hire selectively for key roles. Our overall headcount remains broadly stable, and we are supporting impacted employees in line with our policies.
Founded by Anil Nagar and Saurabh Bansal, Adda247 offers online preparation courses for competitive examinations including UPSC, SSC, banking, railways and other government recruitment tests. The startup has raised around $67 million from investors including Google, WestBridge Capital, Info Edge and Asha Impact.
The development comes as Adda247 prepares for a public listing over the next 12 to 18 months. Founder and CEO Anil Nagar recently said the company reported nearly Rs 240 crore in revenue in FY25, while losses stood at around Rs 70 crore.
According to reports, the layoffs are expected to help the company save close to Rs 5 crore annually in salary expenses. Employees also reportedly cited slowing growth in some business segments, weaker traction in StudyIQ’s online operations and concerns around cash runway.
This is not the first workforce reduction at Adda247. In October 2023, the company reportedly laid off around 250 to 300 employees across sales, content and faculty verticals as part of an earlier cost optimisation exercise.
