Doutnut, an AI-powered platform that answers India’s multilingual questions, has secured an investment of 224 Chlore (INR) in its latest funding round led by SIG and Lupa Systems.
Doubtnut’s exclusive financial adviser was Advenus Capital, but older Doubtnut investors such as Sequoia Capital, Waterbridge Ventures and Omidyar Network India also participated in the round.
As the name implies, Doubtnut uses an AI approach with the help of machine learning for unique algorithms that provide image recognition, language processing, and video-based solutions for students to answer their questions. Platform.
The special thing about the platform is its multilingual system. It is marketed as the “first” student platform to provide query solutions in nine languages. The app answers 65 million questions a month to students on 16 boards, including CBSE. With users in more than 15 cities in India, we offer paid courses such as live classes, video lectures and practice exams. Class levels range from Standard 6 to Standard 12, with training for IIT-JEE and NEET level exams.
Founded in 2017 by Tanushree Nagoya and Aditya Shankar, the app has achieved many milestones in just three years. The team was joined by Ravi Sekhar as co-founder in 2020 and has been funded since then as he monetized some interactive technologies.
Years of blockade have increased the use of dough nuts. According to a press release, it has more than 2.5 million active users daily and spends 10 million hours on the platform each month. Nearly 50% of these users logged on for the first time in the year.
Tanushree Nagori describes the app as follows: “Doubtnut was built with the vision of improving the learning outcomes of all students, especially those outside the major cities of India. We specialize in content development in our own language and use technology. Create an affordable solution for people in this large target segment. We welcome the onboarding of SIG and Lupa. SIG brings a wealth of experience investing in ed-tech companies around the world and Lupa Systems builds world-class businesses and brings unparalleled experience leveraging influential technology. “
The team states that the new funds will be used to introduce new courses and curriculums, including more languages in the app.
Doubtnut secures £ 224 Crore investment to introduce more languages to its native language question-solving platform
Source link Doubtnut secures £ 224 Crore investment to introduce more languages to its native language question-solving platform