Doubtnut Raises $15 Mn Funding In Series A Led By Tencent

Doubtnut Raises $15 Mn Funding In Series A Led By Tencent


Doubtnut provides video-based solutions to student queries through its app, website, YouTube and WhatsApp

Existing investors Omidyar Network India, AET Fund and Sequoia Capital also participated in the round

Doubtnut says its multilingual online learning platform is providing low-cost quality lessons to students in Tier 2, 3 cities

Edtech startup Doubtnut has raised $15 Mn in a fresh round of funding led by Tencent with participation from existing investors Omidyar Network India, Japan-based Akatsuki Entertainment Fund and Curefit founder Ankit Nagori along with Sequoia Capital India.

Doubtnut said it will be using the funds to widen its pan-India distribution to reach more users through its multilingual approach, build a bigger content library to retain users as their lessons progress and invest in strengthening its technology stack and scaling its team.

Prior to this, the company had raised Pre-Series A in March last year. Backed by Sequoia’s early-stage accelerator Surge, Waterbridge Ventures, Omidyar Network India and AET Fund, Doubtnut works with the K-12 education group and for test prep in IIT and engineering entrance tests.

Doubtnut Answers India’s Questions

Founded by IIT-Delhi alumni Tanushree Nagori and Aditya Shankar in October 2017, Doubtnut offers a multilingual online learning platform using technologies such as image recognition, natural language processing and proprietary AI/ML algorithms. The company provides video-based solutions to student queries.

Learners can take photos of problems and questions and the Doubtnut app serves videos related to the solution from its content repository. It also recommends further learning content to these students to help them get a grasp of related topics or understand the fundamentals better. Doubtnut claims it can read questions in 11 Indian languages, as well as English.

The company’s statement said it has over 13 Mn monthly active users and that it is extremely popular in low-income groups thanks to its multilingual approach and low-cost offerings. Doubtnut claims to offer 24×7 support to learners to help anytime studies.

Doubtnut said it has witnessed a 30x growth in its daily active users since March 2019. In June 2019, it launched a Whatsapp number which automatically responds to questions on chat. Doubtnut claims to have resolved over 250 million questions across maths, physics, chemistry and biology lessons.

In a press statement, Doubnut cofounder Nagori said that the company is “truly democratizing education across India” and is tapping audience across demographies. “85% of our users are from outside the top 10 metro cities in India, strengthening our belief that we are really solving for ‘Bharat‘. 60% of these users have come online in the last 12 months.”

“With 85% of students coming from beyond Top 10 cities and a majority of those from the Next Half Billion population, Doubtnut is bridging key gaps in education,” said Badri Pillapakkam, investment partner, Omidyar Network India.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

Unlock 60% OFF
Cancel Anytime
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Doubtnut Raises $15 Mn Funding In Series A Led By Tencent-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Doubtnut Raises $15 Mn Funding In Series A Led By Tencent-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Doubtnut Raises $15 Mn Funding In Series A Led By Tencent-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Doubtnut Raises $15 Mn Funding In Series A Led By Tencent-Inc42 Media
Doubtnut Raises $15 Mn Funding In Series A Led By Tencent-Inc42 Media
You’re in Good company