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Two-365 days-used Indian edtech startup Doubtnut raises $15M


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Two-365 days-used Indian edtech startup Doubtnut raises $15M

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 a new financing round as it looks to serve more people in small cities and towns of the country. The financing round, Series A, was led by Chinese…

Two-365 days-used Indian edtech startup Doubtnut raises $15M

Doubtnut, a Gurgaon-basically basically based startup that operates an app to support college students learn and master ideas from math and science the use of speedy movies, has raised $15 million in a brand contemporary financing spherical as it looks to be like to support extra folk in dinky cities and cities of the country.

The financing spherical, Sequence A, modified into led by Chinese language extensive Tencent. Present investors Omidyar Community India, AET, Japan and Ankit Nagori (founding father of smartly being startup Cure.Fit), and Sequoia Capital India additionally participated within the spherical, the 2-365 days-used startup said.

Doubtnut, share of Sequoia Capital India’s Surge accelerator, has raised $18.5 million up to now, and its contemporary financing spherical valued it at about $50 million, an particular person mindful of the topic said.

The app allows college students from sixth grade to excessive-faculty solve and pickle math and science concerns in native languages. Doubtnut app allows them to raise an image of the anxiety, and makes use of machine studying and image recognition to teach their answers by technique of speedy-movies.

A student can elevate an image of the anxiety, and share it with Doubtnut by technique of its app, web pickle, or WhatsApp and rep a transient video that reveals the answer and walks them by technique of the draw to take care of it.

Doubtnut said it has accrued over 13 million month-to-month provocative customers at some stage in its web pickle, app, YouTube, and WhatsApp . Greater than 85% of Doubtnut customers this day attain from outdoor of the tip 10 cities in India, said Tanushree Nagori, co-founding father of Doubtnut. She said that extra than half of of these college students procure attain online within the final one 365 days.

“Doubtnut is in actuality democratizing education at some stage in India. Our client putrid reflects the total demography of India, one thing which no other education app within the country has attain in terms of reaching,” she said.

The expansion of Doubtnut represents the emergence of a wave of startups in India that are tackling native challenges. Within the education field alone, heaps of gamers including Byju’s, which is now valued at $8 billion, Unacademy, Vedanutu, and GradeUp procure confirmed spectacular impart.

Gaurav Munjal, founder and chief executive of Unacademy, said on Saturday that his startup’s one-365 days-used top price providing had clocked $30 million in income.

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