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Adda24-Owned StudyIQ’s Cofounder Gaurav Garg Steps Down

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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

StudyIQ cofounder and…

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