Doubtnut raised Rs224 Cr in funding led by SIG, Lupa Systems
Edtech platform Doubtnut has raised Rs224 Cr in Series B funding led by SIG and Lupa Systems. Existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures also participated in the round. Plans to utilise funds to expand the product into more languages and curriculum subjects and to launch new paid courses.
The company offers structured paid courses in live tuition classes, video lectures, test series, and other learning materials for classes 6-12th and test preparations for IIT-JEE and NEET. The company claims to have 2.5 mn daily active users who are spending 600 mn minutes per month on its platforms.
“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,” said Tanushree Nagori, cofounder and CEO, Doubtnut.