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Doubtnut

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Doubtnut
Company typePrivate
IndustryOnline Education
Founded1 July 2016 (1 July 2016)
Founders
  • Tanushree Nagori
  • Aditya Shankar[1]
FateActive
Headquarters
Gurugram, Haryana[citation needed]
,
India
Area served
India
ProductsDoubtnut
ParentAllen Career Institute[2]
Websitedoubtnut.com

Doubtnut is an Indian educational app started by Tanushree Nagori and Aditya Shankar. Doubtnut is available as an Android application on Play Store or by accessing its official website.[1]

On December 4, 2023, Allen Career Institute acquired Doubtnut for US$10 million.[3][4]

Operation

The platform uses image recognition technologies to provide answers and explanation of mathematical and science questions of highschool to college level.[1][5] To find the solution to a question, one has to upload an image depicting the question. The app extracts text from the image and tries to match it in its database of questions which are pre-answered, having recorded video solutions. If it finds a match, then the result is provided to the user otherwise it asks the user to post their question publicly for tutors available on the platform to provide a video explaining their query.[citation needed]

Funding

In 2019, Omidyar Network and WaterBridge invested about $470,000.[6] In January 2020, the company raised $15 million in Series A round of funding from Tencent Holdings, and existing investors Sequoia Capital and Omidyar Network India.[7][8]

In 2022, the company secured 224 crore in Series B funding, with SIG and Lupa Systems leading the investment. Existing investors, including Sequoia Capital India, Omidyar Network India, and Waterbridge Ventures, also participated in the round.[9]

See also

References

  1. ^ a b c Meghani, Varsha (13 July 2018). "Doubtnut: Doing more than maths". Forbes India. Retrieved 2 March 2019.
  2. ^ "Allen Career Institute acquires Doubtnut". The Times of India. 4 December 2023.
  3. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 10 December 2023.
  4. ^ Sarkar, Gargi (4 December 2023). "Allen Acquires Peak XV-Backed Doubt-Solving Edtech Platform Doubtnut". Inc42 Media. Retrieved 10 December 2023.
  5. ^ Kumar, Ravi Prakash (1 April 2018). "Doubtnut gives students free video solution to their maths problems". Business Standard India. Retrieved 2 March 2019.
  6. ^ "WaterBridge, Omidyar invest in ed-tech startup Doubtnut" (Press release). Doubtnut. 13 March 2018. Retrieved 2 March 2019 – via VCCircle.
  7. ^ Roy, Debjyoti (31 January 2020). "Byju's backer Tencent leads Series A funding in ed-tech startup DoubtNut" (Press release). Doubtnut. Retrieved 3 February 2020 – via VCCircle.
  8. ^ Singh, Manish (1 February 2020). "Two-year-old Indian edtech startup Doubtnut raises $15M". TechCrunch. Retrieved 3 February 2020.
  9. ^ "Ed-tech startup Doubtnut raises ₹224 crore in latest funding". HT Tech. 25 February 2021. Retrieved 10 December 2023.
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