Doubtnut, a Gurgaon-primarily based startup that operates an app to enable students study and learn concepts from math and science employing limited video clips, has elevated $15 million in a new funding spherical as it seems to be to provide more people in tiny towns and cities of the nation.
The financing round, Collection A, was led by Chinese giant Tencent. Existing investors Omidyar Network India, AET, Japan and Ankit Nagori (founder of health and fitness startup Remedy.Match), and Sequoia Money India also participated in the round, the two-year-previous startup mentioned.
Doubtnut, part of Sequoia Capital India’s Surge accelerator, has raised $18.5 million to day, and its new financing round valued it at about $50 million, a individual familiar with the make a difference explained.
The application permits college students from sixth grade to higher-university resolve and have an understanding of math and science issues in neighborhood languages. Doubtnut app permits them to take a photograph of the dilemma, and utilizes equipment finding out and impression recognition to deliver their solutions as a result of brief-films.
A pupil can consider a picture of the trouble, and share it with Doubtnut by means of its app, web page, or WhatsApp and get a shorter video clip that displays the reply and walks them by the technique to tackle it.
Doubtnut claimed it has amassed more than 13 million regular monthly active people across its website, app, YouTube, and WhatsApp . Much more than 85% of Doubtnut users now occur from outside the house of the best 10 towns in India, claimed Tanushree Nagori, co-founder of Doubtnut. She explained that extra than 50 % of these pupils have arrive on the net in the last a person yr.
“Doubtnut is certainly democratizing instruction throughout India. Our person base displays the entire demography of India, a little something which no other schooling application in the state has arrive shut to achieving,” she claimed.
The development of Doubtnut signifies the emergence of a wave of startups in India that are tackling regional troubles. In the training place by itself, a range of gamers which includes Byju’s, which is now valued at $8 billion, Unacademy, Vedanutu, and GradeUp have proven remarkable expansion.
Gaurav Munjal, founder and chief govt of Unacademy, stated on Saturday that his startup’s one-year-old quality supplying had clocked $30 million in income.