Adda247 acquires StudyIQ in $20 Mn cash and stock deal to strengthen UPSC & State PSC offering
Image Credit: Inc42
Indian edtech startup Adda247 has acquired Union Public Service Commission (UPSC) exam-focused edtech startup StudyIQ for $20 Mn (INR 150 Cr) in a cash and stock deal. Founded by Abhishek Jain in 2014, StudyIQ is a Delhi-based edtech platform targeted at people preparing for UPSC and State Public Service Commission (PSC) exams. It claims to have an organic subscriber base of more than 11 Mn users and over 100 Mn views a month.