DoubtNut raises $3.3 Million in a latest funding round led by Sequoia Capital’s incubator platform, Surge.
DoubtNut’s app provides its services in 12 vernacular languages.
DoubtNut’s app is currently ranked among the top 10 free education apps on the Google Play Store in India.
Gurugram based education technology startup DoubtNut has raised $3.3 Million in the latest funding round. The round is led by Surge, the startup accelerator and incubator platform of venture capital firm Sequoia Capital. The funding round also attracted existing investors Omidyar Network India and WaterBridge Ventures. New investor Akatsuki Entertainment Technology Fund (AET Fund), the investment arm of Japanese gaming company Akatsuki Inc. also joined the board of investors by this funding round. Company is planning to use raised funds to developing its product offerings in terms of subjects, languages, and classes, and expand its team.
According to Tanushree Nagori, co-founder of DoubtNut, “We are taking the assistance of technology to solve students’ biggest pain point and are focused to offer a comprehensive education solution to all students in the language and the way that they understand the best.”
The startup came into action in 2017 by IIT Delhi alumni Nagori and Aditya Shankar and it is operated by Class 21A Technologies Pvt. Ltd. It operates a multi-lingual online learning platform for students and can easily be found on the Google Play Store. The startup uses artificial intelligence to offer solutions to math problems. The innovative facility provided by the company to students is that they can upload a photo of their query or doubt in maths and the startup will send them a video with a solution within 24 hours.
According to Namita Dalmia, principal at investments, Omidyar Network India, “Founders dedication led them to launch the app in 12 vernacular languages in short interval of time and crafting most appropriate learning journeys for the next half billion users.”
The startup has attracted users from Tier 2 and Tier 3 cities and claims to have their numbers to more than 90% of total users. The app is currently ranked among the top 10 free education apps on the Google Play Store in India.
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