Doubtnut, a Gurgaon based start-up that helps people learn and master the concepts of math and science with the help of short videos has raised 15M dollars from its latest round of funding. With this funding, it now seems to concentrate on the people living in small cities and towns of the country.
The latest financing round was led by the Chinese company Tencent. Investors who currently invest in the company like Omidyar Network, AET, Japan and Ankit Nagori have also participated in the current round of funding. Sequoia Capital, recently who funded InterviewBit also participated in this round for the two-year-old start-up.
A total of 18.5M dollars has been raised by Doubtnut till now. After this round, the overall valuation of this two-year-old start-up has been raised to 50M dollars.
Doubtnut app educates high school students ranging from class 6 to 12 with maths and science problems in their local language. It also facilitates students to take a picture and uses Image Recognition and Machine Learning to solve the respective problem.
By using this app, the student can take the picture of the problem and solve it and share it among the Doubtnut community and students will also be able to share across WhatsApp as well.
Currently, Doubtnut has an active user count with 13million users monthly. People who live outside the top 10 cities of the country, contribute to the 85% traffic of this app. Along with this app, the other apps of this educational space such as Byju’s, Vedantu, Unacademy have also strong active members in a month. This is a very good period to invest in educational apps. Soon, with this encouragement, many other industry leaders in other spaces will also look to invest in this domain.