Congratulations to the Team. Doubtnut is an excellent platform to impart knowledge to students of senior classes and even help them prepare for entrance exams. As per the company’s statement, the fresh funds will be utilised 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. With over 13 million monthly active users across several platforms (web, app, YouTube and WhatsApp), Doubtnut claims to have cleared over 250 million doubts across subjects such as mathematics, physics, chemistry, and biology. You know, whenever anybody asks Elon Musk how he learned to build rockets, he says, ‘I read books.’.
DoubtNut has made a lot of progress over the last one year and we have no doubt that the best is yet to come,” said Sarbvir Singh, Managing Partner, WaterBridge Ventures.
The start-up had also launched a WhatsApp number last year through which students can raise their queries. For commercial usage of content, please connect with us. The Gurugram, Haryana-based edtech startup today scooped $15 million in a Series A funding round led by China’s Tencent with participation from existing investors including Omidyar Network India, Japan’s AET Sequoia Capital India.Ankit Nagori, the founder of CureFit also participated in the round..
Selected for Sequoia Capital’s accelerator program Surge, Doubtnut had raised $3.3 million in a pre-Series A round in April last year. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Ed-tech startup DoubtNut has raised $3.3 million in fresh round of funding.
If you notice any content that appears incorrect, or if you have any issues with a content please write to us. OkCredit, NiYO and BharatPe apply for NBFC licence, UPI registers 1.3 billion transactions worth Rs 2.16 trillion in January, Exclusive: OLX India lays off 250 employees as it shifts focus to a few verticals, How Fynd revamped operations in FY20 post acquisition by Reliance, Chiratae and YourNest top up Emotix’s Series A round, Treebo scores a lifeline; raises $6 Mn from existing investors, Chiratae invests Rs 23.5 Cr in Patna-based agritech startup Ergos, Lido Learning bags Rs 30 Cr from Juneja Family, VSS Investco and others, FirstCry to buyback ESOPs worth Rs 31 Cr as retained profits touch Rs 230 Cr, Pine Labs allots $14 Mn worth ESOPs to its CTO, CFO and a dozen others, Register for Unicorn Trip 3.0 We host simple commonsensical insights and news related to people and business. This startup is an online tutoring platform that prepares students for various levels of exams ranging from both competitive exams to the school curricular. Doubtnut, an educational startup, raised $15 Million in a Series A funding round.Tencent Holdings Limited led the round. Doubtnut plans to use this funding for national expansion and build a reliable network of content while engaging with clients. Doubtnut General Information Description. Yuki Kawamura, added, “The partnership between Tanushree and Aditya who have great experience in education, and AET who has expertise in content will enable accelerating the growth of DoubtNut.”. This startup is based in Gurugram. Oops some error happened! June 6, 2020 / admin / News, Startup. Membership Benefits: Innovation & Invention, StartupLanes WhatsApp & Telegram Group Charter, Certification Program in Entrepreneurship, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Skype (Opens in new window). “We’re thrilled to join the journey of DoubtNut.
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According to Doubtnut’s annual financial statement for the fiscal year ending 2019, the company has generated revenue from operations amounting to Rs 5.55 lakh with net losses of Rs 15.55 lakh.
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There is a lot of scope for startups to grow in this sector. Bambrew secured pre-seed round led by Upsparks, Omnify secured Pre-Series A round from Sequoia Scout and AngelList, MikeLegal secured seed round from SOSV, Artesian, Google Pixel 4a and Nest speaker launched in India, Online Pharmacy PharmaEasy might soon receive $200 Million. Doubtnut, an educational startup, raised $15 Million in a Series A funding round. Some of our content is through external contributors, and despite multiple validations there may be a possibility of error and omissions. Tanushree and Aditya’s insights came from their own experience where despite great teaching, they were not able to cater to individual doubt resolutions of students without turning to technology,” said Namita Dalmia, Principal, Investments, Omidyar Network India. The series A … Join StartupLanes India WhatsApp Community, Kailash B. Gupta – CFO, Inox Leisure Limited – Interview, Vinod K Bapna – COO & CFO – Caparo Maruti Ltd. – Inteview. Existing investors, Omidyar Network India, Japan-based AET Sequoia Capital India and Ankit Nagori participated in the round. Bengaluru: Edtech startup Doubtnut has raised $15 million in a Series A funding round led by Chinese investor Tencent.
The EdTech sector has a lot of untapped potential. It offers a multi-lingual online learning platform that uses artificial intelligence and machine learning technologies, and provides video-based solutions in response to students’ queries. DoubtNut was launched by Tanushree Nagori and Aditya Shankar in October 2017. Existing investors WaterBridge Ventures & Omidyar Network India also participated in the funding round. I am hopeful that Doubtnut will use this funding to expand this initiative and reach more students. He has more than 18 years of business experience in different domains along with consulting experience of startups.
Doubtnut Received $15 Million Funding.
Incepted in 2017 by Tanushree Nagori and Aditya Shankar, Doubtnut offers free solutions to users who send snapshots of their doubts over the platform. The co-founder of Doubtnut, Tanushree Nagori, “we aim to use technology to provide a democratic, comprehensive and easily accessible education solution to all students – in the language and manner that they best understand.” “Eighty-five percent of our users are from outside the top 10 metro cities in India, strengthening our belief that we are really solving for Bharat. The mobile gaming company Akatsuki Inc also purchased 113 CCPS for Rs 1.6 crore and Ankit Nagori paid Rs 89.09 lakh for 63 CCPS. Our belief is that video is the key content medium for next 500m digital content consumers and DoubtNut will be a great service for vernacular students who want to be prosperous. “We remain very excited about Aditya and Tanushree’s vision of building a student first, inclusive education platform catering to all Indians.
This gives us an indication that despite a massive growth is our user base, there is still a significant target audience that is yet to be tapped.”. Existing investors Omidyar Network India, Japan-based Akatsuki Entertainment Fund and Curefit founder Ankit Nagori along with Sequoia Capital India also took part in the fresh round of funding. "Tencent will add immense value to our journey,'' said Aditya Shankar, the co-founder of Doubtnut, while speaking about his latest fund-raise.
It is a multilingual platform that uses artificial intelligence and machine learning to help students.
Your email address will not be published. Tanushree Nagori and her husband, Aditya Shankar founded Doubtnut in 2016. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. Founded in 2017 by IIT Delhi alumni Aditya Shankar and Tanushree Nagori, Doubtnut is an e-learning platform which primarily focuses on resolving the queries raised by the students. Also, it aspires to strengthen its technological capacity and hire new talent. The series A round also saw participation from existing investors, Omidyar Network India, AET, Japan and Ankit Nagori (former Flipkart executive) along with Sequoia Capital India, a statement said. Doubtnut, a Gurgaon-based startup that operates an app to help students learn and master concepts from math and science using short videos, has raised $15 million in … The company in a statement today stated that they are planning to deploy the fresh funds … Unlike other edtech startups, Doubtnut’s usages is mainly driven by students in tier II and tier III cities. Gaurav Munjal, founder and chief executive of Unacademy, said on Saturday that his startup’s one-year-old premium offering had clocked $30 million in revenue. “DoubtNut is on a mission to democratize education. Sujata Sangwan. Gurugram-based Doubtnut, an ed-tech start-up which provides interactive video solutions to students' queries via its mobile application, website, YouTube and WhatsApp channels, has raised … Multilingual instant doubt clearing app Doubtnut has secured $15 million in a Series A funding round led by Tencent.
It then matches the problem with pre-recorded content in its database, and provides video-based solutions within 10 seconds. Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Reddit (Opens in new window), Significance of Safeguarding your most Important Business ‘Asset’ amid COVID-19 Outbreak – Employees, Zomato introduces 10-day “period-leave” for women and transgender employees, G7 CR Technologies offers Work from Home Allowance for its employees across India, Music “culture” at workplaces can help employees stay productive and engaged, Nestlé India launches 1000 “Nesternship” opportunities for young professionals amid coronavirus, Office space provider Skootr revolutionizes the office sector with its ‘Reverse Office Model’, Now job seekers can enhance their skills with the govt’s free digital learning platform, Kalpesh Patel appointed Chief Operating Officer of Hyde Engineering + Consulting, Warburg Pincus plans to invest Rs700 cr in Home First, Sanjeev Aggarwal resigns from Azure Power board, Delhi-based startup Pesto Tech raises funding from angel investors, SaaS startup Omnify raises pre-Series A funding, appoints Nikhil Moorjani as Chief Growth Officer, George Clinical names Abby Abraham to lead Global Data Science team and head India Operations, Mahindra Holidays acquires strategic minority stake in Rocksport, Veritonic raises $3.2 mn Series A funding led by Greycroft, The Business Council appoints Satya Nadella as Chairman, succeeds John Donahoe, Bengaluru-based Gourmet Garden raises fresh funding from Incubate Fund India, Whiteboard Capital, ← AdOnMo plans geographical expansion with the latest $3mn funding, Forward Health raises €4.5 mn from Skip Capital →, Insights For Employers & HR Professionals, Amit Syngle to take charge as MD & CEO for Asian Paints, Coronavirus: Companies temporarily shutting down its operations in India, Capgemini to honour all 8,000 campus placement offers, Infosys recognised as a global leader in Digital Process Automation Services, Flipkart allotted 140 acres to set up Asia’s largest fulfilment center in Haryana, Amazon partners with IRCTC to provide online reserved train ticket bookings, TCS launches 10 new Threat Management Centers across the World to protect customers from cyber attacks, Treebo Hotels raises $6 mn in fresh funding from existing investors, Mumbai-based startup Question What’s Real appoints Darshan Lama as Chief Commercial Officer, Businesses (Employers / HR Service Providers), Contributors / Writers / Industry Experts. She said that more than half of these students have come online in the last one year. Edtech startup DoubtNut has raised $3.3 Mn (INR 23 Cr) in a Pre-Series A round of funding led by Sequoia’s startup accelerator and incubation programme Surge.
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