Vernacular First Edtech Platform Doubtnut Raises INR 224 Crore from SIG and Lupa Systems
Founded by Tanushree Nagori and Aditya Shankar in 2017, Doubtnut is a multi-lingual doubt-solving platform. The Gurugram based startup provides structured paid courses which include live tuition classes, video lectures, test series and other learning materials for classes 6-12th and test preparations for IIT-JEE and NEET. More than 2.5 million daily active users are spending 600 million minutes per month on Doubtnut platforms.
Tanushree Nagori, Co-Founder and CEO, Doubtnut said, “Doubtnut has been built with a vision to improve learning outcomes for all students, especially those outside the major Indian cities. We specialize in developing content in vernacular languages and use technology to create affordable solutions for people in this large target segment. We are pleased to welcome onboard SIG and Lupa; SIG brings in strong experience of investing in ed-tech companies globally and Lupa Systems brings unparalleled experience of building world-class businesses and harnessing high-impact technologies.”
Varun Gupta, Director, Digital and Technology Investment Banking, Avendus Capital said, “Doubnut, India’s #1 K12 ed-tech platform for ‘vernacular-first’ students, is leading the charge on democratization of high-quality education beyond the major cities in India. Differentiated platform-led approach and multi-lingual content enables it to address a large whitespace. This round of investment is testament to continued investor interest in ed-tech, especially in companies such as Doubtnut, which are addressing a unique untapped market segment.”