Adda24-Owned StudyIQ’s Cofounder Gaurav Garg Steps Down

by · Inc42

SUMMARY

  • Since Adda247’s acquisition of StudyIQ in December 2021, Garg was serving as the managing director of the edtech platform he cofounded
  • Founded in 2015, StudyIQ primarily caters to students preparing for UPSC and State PSC exams. The startup was acquired by Adda247 in a $20 Mn cash and stock deal
  • StudyIQ saw its revenues more than double YoY to INR INR 76.7 Cr in FY24, while losses declined 24% YoY to INR 27.4 Cr during the fiscal under review