This Two-Year-Old Indian Education Start-up Has Just Raised $15 Million

Harin - Feb 11, 2020


This Two-Year-Old Indian Education Start-up Has Just Raised $15 Million

A Gurgaon-based edtech start-up has created an app called Doubtnut to teach students math and science concepts through short videos.

Every individual deserves to have the best education. At 74%, India has a low literacy rate and is lagging behind many other developing countries. To boost the growth of education, start-ups like Byju’s, Unacademy and Vedanutu have taken action.

A Gurgaon-based edtech start-up has created an app to teach students math and science concepts through short videos.

Called Doubtnut, the app has raised S15 million. With this financing round, the two-year-old start-up’s goal is to help people living in small cities across the country.

Doubtnut
A Gurgaon-based edtech start-up has created an app to teach students math and science concepts through short videos.

Doubtnut’s targeted users are from sixth graders to high schoolers. Users can use the camera of their smartphones to take pictures of the problems. Then the app uses image recognition and machine learning to offer a solution through a short video.

A student can share the picture via the Doubtnut website, app, YouTube or even WhatsApp. And they will receive a video with steps showing how to tackle the problem.

According to the start-up, it has already had over 13 million active users. Most of them are living in small towns and cities. Doubtnut’s co-founder, Tanushree Nagori, said that half of the users registered last year.

The start-up received the Series A funding from Tencent, the Chinese company behind PUBG. Existing investors include AET Japan, Omidyar Network India, Sequoia Capital India, and Ankit Nagori.

Byjus
Platforms like Byju’s, GradeUp and Unacademy have experienced immense growth.

After the recent financing round completed, the two-year-old has received a total funding of $18.5 million. Its current valuation is around $50 million.

The emergence of edtech start-ups shows how the education system of the country is changing. Today, students don’t have to find an external tutor to help them with problems. Platforms like Byju’s, GradeUp and Unacademy have experienced immense growth.

>>> 10 Facts About Byju Raveendran, India’s Newest Tech Billionaire

Comments

Sort by Newest | Popular

Next Story

Read more

Mayor Played COVID-19 Dead Body In Coffin To Avoid Arrest For Breaking Lockdown To Drink With Friends

Features- May 25, 2020

Mayor Played COVID-19 Dead Body In Coffin To Avoid Arrest For Breaking Lockdown To Drink With Friends

So far, we don’t know where the drinking party took place as well as why the mayor could have a coffin ready nearby to pretend to be a COVID-19 dead body

OPPO Reno4 Revealed With Stunning Design & Powerful Specs In New Teaser

Mobile- May 27, 2020

OPPO Reno4 Revealed With Stunning Design & Powerful Specs In New Teaser

Not only has a stunning design and powerful specs, but the OPPO Reno4 is also said to come with OPPO's 65W ultra-fast charging technology.

Best VR Headsets In India: Best Choices In 2020 For Indian Users

Gadgets- May 27, 2020

Best VR Headsets In India: Best Choices In 2020 For Indian Users

Best VR headsets in India: From affordable to high-end products, these are the best options for VR headsets in India this year. Check them out!

GTA 5 How To Make Money - Five Ways To Become Rich In GTA 5

How To- May 25, 2020

GTA 5 How To Make Money - Five Ways To Become Rich In GTA 5

Regardless of how you make money in GTA 5, the best way to keep your account far from running out of cash is that you should learn to save it as soon as possible.

This Jailbreak Tool Can Unlock 'Every iPhone', Will FBI Agents Be That Happy?

ICT News- May 26, 2020

This Jailbreak Tool Can Unlock 'Every iPhone', Will FBI Agents Be That Happy?

No iPhone model is proof against this unlocking tool, even devices that have updated the latest version of iOS, aka iOS 13.5.

Best Phone Of Redmi In 2020 You Can Buy In India From 5000 To 30000

Mobile- May 26, 2020

Best Phone Of Redmi In 2020 You Can Buy In India From 5000 To 30000

What are your favorite Redmi smartphones so far? Here are our picks for the best Redmi phone in 2020, ranging from Rs. 5,000 to Rs. 30,000.