Doubtnut, a Gurgaon-based startup that operates an app to assist college students study and grasp ideas from math and science utilizing quick movies, has raised $15 million in a brand new financing spherical because it seems to serve extra individuals in small cities and cities of the nation.
The financing spherical, Collection A, was led by Chinese language big Tencent. Current traders Omidyar Community India, AET, Japan and Ankit Nagori (founding father of health startup Treatment.Match), and Sequoia Capital India additionally participated within the spherical, the two-year-old startup stated.
Doubtnut, a part of Sequoia Capital India’s Surge accelerator, has raised $18.5 million thus far, and its new financing spherical valued it at about $50 million, an individual acquainted with the matter stated.
The app permits college students from sixth grade to high-school resolve and perceive math and science issues in native languages. Doubtnut app permits them to take an image of the issue, and makes use of machine studying and picture recognition to ship their solutions by way of short-videos.
A pupil can take an image of the issue, and share it with Doubtnut by way of its app, web site, or WhatsApp and get a brief video that reveals the reply and walks them by way of the process to deal with it.
Doubtnut stated it has amassed over 13 million month-to-month energetic customers throughout its web site, app, YouTube, and WhatsApp . Greater than 85% of Doubtnut customers right now come from outdoors of the highest 10 cities in India, stated Tanushree Nagori, co-founder of Doubtnut. She stated that greater than half of those college students have come on-line within the final one yr.
“Doubtnut is actually democratizing schooling throughout India. Our consumer base displays your complete demography of India, one thing which no different schooling app within the nation has come near attaining,” she stated.
The expansion of Doubtnut represents the emergence of a wave of startups in India which can be tackling native challenges. Within the schooling house alone, a lot of gamers together with Byju’s, which is now valued at $eight billion, Unacademy, Vedanutu, and GradeUp have proven spectacular progress.
Gaurav Munjal, founder and chief government of Unacademy, stated on Saturday that his startup’s one-year-old premium providing had clocked $30 million in income.