Adda247 Cofounder Chandan Singh Quits After 5 Years

SUMMARY

In a post on LinkedIn, Singh said that he moved on from the startup last month, a year after being promoted as Add247 cofounder

While he didn't mention exactly what his next plans are, Singh is apparently building a new venture in stealth mode

The IIM-A graduate joined Adda247 in 2019 as vice president of product. He got promoted to the position of chief product officer in 2020, a position he held for four years

Nearly two years after being promoted as the cofounder of Adda247 from the position of CPO, Chandan Singh has quit the edtech startup.

Singh took to LinkedIn to make the announcement. In a post, he said that he moved on from the startup last month.

“Looking back on the past 5 years, I feel incredibly grateful for the journey I’ve had here. Working with such talented and dedicated people has been an absolute privilege, and the memories we’ve made will always be special to me,” his post read.

While he didn’t mention exactly what his next plans are, Singh is apparently building a new venture in stealth mode, as per his LinkedIn bio.

The IIM-A graduate joined Adda247 in 2019 as vice president of product. He got promoted to the position of chief product officer in 2020, a position he held for four years. Singh was also made the cofounder in November 2022.

Prior to joining Adda247, he worked for companies like Naukri, DTDC, Coverfox, among others.

Founded in 2016 by Anil Nagar and Saurabh Bansal, Adda247 offers online coaching for competitive exams. The edtech platform also offers video courses and mock tests for more than 500 competitive exams in 12 Indian languages.

It has raised a funding of over $61 Mn till date and counts the likes of WestBridge, Google, and Info Edge among its investors.

Earlier this year, the startup claimed that its revenue grew 88% year-on-year to INR 243.39 Cr in the financial year 2023-24 (FY24) from INR 129.65 Cr in the previous fiscal year. It also claimed that its net loss declined 66% to INR 101 Cr from INR 296 Cr in FY23.

In July, the startup acquired Ekagrata Eduserv, marking its foray into the CA test preparation segment.

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