Company:Doubtnut
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| Type | Private |
|---|---|
| Industry | Online Education |
| Fate | Active |
| Founded | 1 July 2016 |
| Founders |
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| Headquarters | Gurugram, Haryana[citation needed] , |
Area served | India |
| Products | Doubtnut |
| Parent | Allen Career Institute[2] |
| Website | doubtnut |
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
- ↑ 1.0 1.1 1.2 Meghani, Varsha (13 July 2018). "Doubtnut: Doing more than maths". http://www.forbesindia.com/article/ai-work/doubtnut-doing-more-than-maths/50717/1. Retrieved 2 March 2019.
- ↑ "Allen Career Institute acquires Doubtnut". 4 December 2023. https://timesofindia.indiatimes.com/business/india-business/allen-career-institute-acquires-doubtnut/articleshow/105731352.cms?from=mdr.
- ↑ "Tech in Asia - Connecting Asia's startup ecosystem" (in en-US). https://www.techinasia.com/short/allen-career-institute-acquires-edtech-firm-doubtnut-10m.
- ↑ Sarkar, Gargi (2023-12-04). "Allen Acquires Peak XV-Backed Doubt-Solving Edtech Platform Doubtnut" (in en). https://inc42.com/buzz/allen-acquires-peak-xv-backed-doubt-solving-edtech-platform-doubtnut/.
- ↑ Kumar, Ravi Prakash (1 April 2018). "Doubtnut gives students free video solution to their maths problems". https://www.business-standard.com/article/companies/doubtnut-gives-students-free-video-solution-to-their-maths-problems-118040100661_1.html. Retrieved 2 March 2019.
- ↑ "WaterBridge, Omidyar invest in ed-tech startup Doubtnut" (Press release). Doubtnut. 13 March 2018. Retrieved 2 March 2019 – via VCCircle.
- ↑ Roy, Debjyoti (31 January 2020). "Byju's backer Tencent leads Series A funding in ed-tech startup DoubtNut" (Press release). Doubtnut. Retrieved 2020-02-03 – via VCCircle.
- ↑ Singh, Manish (1 February 2020). "Two-year-old Indian edtech startup Doubtnut raises $15M" (in en-US). http://social.techcrunch.com/2020/02/01/two-year-old-indian-edtech-startup-doubtnut-raises-15m/.
- ↑ "Ed-tech startup Doubtnut raises ₹224 crore in latest funding" (in en). 2021-02-25. https://tech.hindustantimes.com/tech/news/edtech-startup-doubtnut-raises-rs-224-crore-in-latest-funding-71614248961714.html.
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