Noida-based Acadigo Edu, an ed-tech platform specialising in study abroad education consulting, is set to expand into 10 cities across India as part of its growth strategy to strengthen market presence over the next two years, according to an official release.
Since its inception, Acadigo Edu claims to have experienced exponential growth of 20-25x year-on-year, with a 40% increase recorded in 2023-24. Currently operating in four centers, the company receives a steady influx of inquiries, averaging 5-6 per day at each location.
With fresh capital infusion, Acadigo Edu plans to establish a presence in 10 new cities, targeting both Tier-1 and Tier-2 markets to enhance accessibility and innovation in education. The expansion will include Tier-1 cities such as Pune, Kolkata, Bangalore, and Hyderabad, along with Tier-2 cities like Kochi, Visakhapatnam, Raipur, Chandigarh, and Indore, the release mentioned.
The company claims that renowned investor and serial entrepreneur Imthiyas Puthi Veettil has invested Rs 50 crore in Acadigo Edu and has been appointed as CEO.
“Acadigo EDU is poised to redefine the education landscape in India with its scalable and tech-driven learning solutions. The growth trajectory of the company has been exceptional, and with this strategic investment, we are committed to expanding our reach and ensuring quality education for learners across multiple cities,” Imthiyas Puthu Veettil, CEO and Investor, Acadigo Edu, said.
Acadigo Edu has set an ambitious goal of achieving Rs 200 crore in revenue within the next two years. The funds will be used to enhance technology, scale infrastructure, and introduce innovative learning solutions catering to both students and professionals.
“This investment is a testament to the success of our model and the potential we hold in the education sector. Our focus remains on delivering high-quality foreign education solutions that are both accessible and affordable,” Ujjwal Kumar Gupta, Co-founder, Acadigo Edu, said.