Doubtnut, an Edtech startup, has raised $15 million in Series A round of funding led by Tencent. Existing investors Omidyar Network India, Japan-based Akatsuki Entertainment Fund and Curefit founder Ankit Nagori along with Sequoia Capital India also took part in the fresh round of funding.
As per the company’s statement, the fresh funds will be utilised to widen its pan-India distribution to reach more users through its multilingual approach, build a bigger content library to retain users as their lessons progress and invest in strengthening its technology stack and scaling its team.
Prior to this, Doubtnut had raised Pre-Series A funding in 2019. The pre-Series A funding was backed by Sequoia’s early-stage accelerator Surge, Waterbridge Ventures, Omidyar Network India and AET Fund.
Doubtnut is an interactive online tutoring platform set up in October 2017 by Tanushree Nagori and Aditya Shankar. It offers a multi-lingual online learning platform that uses artificial intelligence and machine learning technologies, and provides video-based solutions in response to students’ queries. Doubtnut currently caters to K-12, IIT JEE and NEET students.
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