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Edtech Startup Doubtnut Gains USD 15 Mn Fund from Tencent

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Team StartupcityTancent invested USD 15 Mn into an online coaching and eLearning platform Doubnut. The financing round included participation from Omidyar Network India, Japan-based Akatsuki Entertainment Fund and Curefit founder Ankit Nagori, and Sequoia Capital India.

The modern edtech startup leverages technology to make education accessible for all. It owns an application using which students can ask study questions by clicking the picture of the problem or concept. The experts would then create a Khan Academy style video to answer each doubt.

With video solutions, it tires not only to provide answers to the questions but also makes the student aware of the problem-solving approach employed by the expert which would lead to a deeper understanding of the concept.

Doubtnut is expected to use the amount received to expand the 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. Currently, it is working on developing technology to automate answering of questions asked previously using image recognition and Natural Language Processing.

Prior to this investment, the company had raised Pre-Series A in March 2019. Backed by Sequoia’s early-stage accelerator Surge, Waterbridge Ventures, Omidyar Network India and AET Fund, Doubtnut works with the K-12 education group and for test prep in IIT and engineering entrance tests.

Conceptualized in 2017 by IIT-Delhi alumni Tanushree Nagori and Aditya Shankar, the company uses advanced technologies such as image recognition, natural language processing and proprietary AI/ML algorithms. The company provides video-based solutions to student queries.