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Doubtnut Raises $15 Mn Investment In Sequence A Led Via Tencent

Doubtnut supplies video-based answers to scholar queries thru its app, web page, YouTube and WhatsApp

Current buyers Omidyar Community India, AET Fund and Sequoia Capital additionally participated within the spherical

Doubtnut says its multilingual on-line finding out platform is offering low cost high quality classes to scholars in Tier 2, three towns

Edtech startup Doubtnut has raised $15 Mn in a contemporary spherical of investment led by means of Tencent with participation from current buyers Omidyar Community India, Japan-based Akatsuki Leisure Fund and Curefit founder Ankit Nagori together with Sequoia Capital India.

Doubtnut mentioned it’ll be the usage of the budget to widen its pan-India distribution to succeed in extra customers thru its multilingual method, construct a larger content material library to retain customers as their classes development and put money into strengthening its era stack and scaling its group.

Previous to this, the corporate had raised Pre-Sequence A in March final 12 months. Subsidized by means of Sequoia’s early-stage accelerator Surge, Waterbridge Ventures, Omidyar Community India and AET Fund, Doubtnut works with the Ok-12 schooling team and for check prep in IIT and engineering front assessments.

Doubtnut Solutions India’s Questions

Based by means of IIT-Delhi alumni Tanushree Nagori and Aditya Shankar in October 2017, Doubtnut provides a multilingual on-line finding out platform the usage of applied sciences akin to symbol popularity, herbal language processing and proprietary AI/ML algorithms. The corporate supplies video-based answers to scholar queries.

Newbies can take pictures of issues and questions and the Doubtnut app serves movies associated with the answer from its content material repository. It additionally recommends additional finding out content material to those scholars to lend a hand them get a take hold of of similar subjects or perceive the basics higher. Doubtnut claims it could possibly learn questions in 11 Indian languages, in addition to English.

The corporate’s remark mentioned it has over 13 Mn per 30 days energetic customers and that this can be very standard in low-income teams because of its multilingual method and low cost choices. Doubtnut claims to provide 24×7 reinforce to beginners to lend a hand anytime research.

Doubtnut mentioned it has witnessed a 30x expansion in its day by day energetic customers since March 2019. In June 2019, it introduced a Whatsapp quantity which robotically responds to questions about chat. Doubtnut claims to have resolved over 250 million questions throughout maths, physics, chemistry and biology classes.

In a press remark, Doubnut cofounder Nagori mentioned that the corporate is “actually democratizing schooling throughout India” and is tapping target market throughout demographies. “85% of our customers are from out of doors the highest 10 metro towns in India, strengthening our trust that we’re actually fixing for ‘Bharat‘. 60% of those customers have come on-line within the final 12 months.”

“With 85% of scholars coming from past Most sensible 10 towns and a majority of the ones from the Subsequent Part Billion inhabitants, Doubtnut is bridging key gaps in schooling,” mentioned Badri Pillapakkam, funding spouse, Omidyar Community India.

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