Avendus Capital Advises Doubtnut on Its INR 224 cr Fundraise From SIG and Lupa Systems

Doubtnut is a multi-lingual doubt-solving platform that uses artificial intelligence and machine learning for image recognition, natural language processing and proprietary algorithms to provide video-based solutions. The company has gotten good traction within its 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. 

The Doubtnut app offers solutions to more than 65 million questions monthly in 9 languages for students of CBSE and 15 state boards. Doubtnut’s vast reach is reflected through 85% of its current user base coming from outside the top 15 Indian cities and 60% of the current user base from state boards where the typical medium of instruction is the local vernacular language. More than half of the users have come online for the first time in last 12 months

Doubtnut was founded by Tanushree Nagori and Aditya Shankar in 2017. Ravi Sekhar who joined Doubtnut as a Co-Founder in March 2020 and has successfully monetized several consumer-facing tech businesses, including in ed-tech

Doubtnut has also raised capital from venture debt firm InnoVen Capital in October last year.