An Adda247 educator was captured proposing to his colleague during a live class. Footage of the 'surprise proposal' has garnered over half a million views on YouTube.
Adda247 CEO and co-founder Anil Nagar said the company plans to go public in the next 2-3 years
This comes months after Adda247 allegedly spent as much as Rs 100 crore to poach five teachers from PhysicsWallah, another WestBridge Capital-backed company, to start a platform on YouTube called Sankalp.
Even as startups cut spending, edtech companies seem to be taking the poaching of teachers for online coaching centres to the next level.
The company has said it will invest the raised fund in enhancing its tech and product profile, expanding its student counseling team, and hiring for some key leadership roles. Interestingly, Adda247 said it also aims to explore a few strategic acquisitions in the coming months.
The Series B funding round also saw participation from existing investors, including Info Edge, Asha Impact and JM Financials, the company said in a statement.
The series B round of funding also saw participation from STL, an existing investor of Adda247, a company statement said.