About Doubtnut
Doubtnut is a company based in Gurugram (India) founded in 2016 by Ravi Sekhar KV, Tanushree Nagori, and Aditya Shankar was acquired by Allen Career Institute in December 2023.. Doubtnut has raised $53.71 million across 8 funding rounds from investors including Tencent, Akatsuki and Peak XV Partners. The company has 7,669 employees as of December 10, 2024. Doubtnut offers products and services including Doubt Solving App and Video Solutions. Doubtnut operates in a competitive market with competitors including simpleclub, Hellosaurus, Maqsad, EducUp and Geek Express, among others.
- Headquarter Gurugram, India
- Employees 7669 as on 10 Dec, 2024
- Founders Ravi Sekhar KV, Tanushree Nagori, Aditya Shankar
- Stage Minicorn
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Class 21A Technologies Private Limited
- Jurisdiction Kota, Rajasthan, India
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Annual Revenue
$405.75 M (USD)46.94as on Mar 31, 2024
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Net Profit
$15.88 M (USD)-68.29as on Mar 31, 2024
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EBITDA
$46.9 M (USD)-32.06as on Mar 31, 2024
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Total Equity Funding
$53.71 M (USD)
in 8 rounds
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Latest Funding Round
$2.5 M (USD), Series B
Apr 10, 2023
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Investors
Tencent
& 29 more
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Employee Count
7669
as on Dec 10, 2024
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Acquired by
Allen Career Institute
(Dec 04, 2023)
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Products & Services of Doubtnut
Doubtnut offers a comprehensive portfolio of products and services, including Doubt Solving App and Video Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App that uses AI to provide video solutions for student queries.
Pre-recorded tutorials for NCERT and exam preparation topics.
Funding Insights of Doubtnut
Doubtnut has successfully raised a total of $53.71M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $2.5 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $2.5M
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First Round
First Round
(01 May 2017)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - Doubtnut | Valuation |
investors |
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| Jan, 2022 | Amount | Series B - Doubtnut | Valuation | Innoven Capital |
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| Jan, 2021 | Amount | Series B - Doubtnut | Valuation | SIG Venture Capital , Sequoia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Doubtnut
Doubtnut has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tencent, Akatsuki and Peak XV Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investing in technology, digital culture, governance, and business initiatives.
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Founded Year | Domain | Location | |
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Early-stage tech investments are focused on by WaterBridge in India.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Doubtnut
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Doubtnut
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Doubtnut Comparisons
Competitors of Doubtnut
Doubtnut operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as simpleclub, Hellosaurus, Maqsad, EducUp and Geek Express, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a learning application for school children
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| domain | founded_year | HQ Location |
Provider of learning platform for kids
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| domain | founded_year | HQ Location |
Multi-disciplinary learning solutions are delivered via a student-focused app.
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| domain | founded_year | HQ Location |
Offers accredited online courses for mental health, insurance, and real estate professionals.
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| domain | founded_year | HQ Location |
Online platform providing coding and STEM classes
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Doubtnut
Frequently Asked Questions about Doubtnut
When was Doubtnut founded?
Doubtnut was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Doubtnut located?
Doubtnut is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Doubtnut?
Aditya Shankar is the current CEO of Doubtnut. They have also founded this company.
Is Doubtnut a funded company?
Doubtnut is a funded company, having raised a total of $53.71M across 8 funding rounds to date. The company's 1st funding round was a Series B of $31.66M, raised on May 01, 2017.
How many employees does Doubtnut have?
As of Dec 10, 2024, the latest employee count at Doubtnut is 7,669.
What is the annual revenue of Doubtnut?
Annual revenue of Doubtnut is $405.75M as on Mar 31, 2024.
What does Doubtnut do?
Founded in 2016 in Gurugram, India, the company operates in the EdTech sector. Doubts in subjects such as mathematics, science, physics, and chemistry are addressed through a mobile app. Questions are uploaded by photographing them, then matched against a repository of pre-recorded video solutions. Unmatched queries are solved by expert tutors who provide custom video responses. Access to a history of resolved doubts is maintained for users.
Who are the top competitors of Doubtnut?
Doubtnut's top competitors include Hellosaurus, simpleclub and Maqsad.
What products or services does Doubtnut offer?
Doubtnut offers Doubt Solving App and Video Solutions.
Who are Doubtnut's investors?
Doubtnut has 30 investors. Key investors include Tencent, Akatsuki, Peak XV Partners, Allen Career Institute, and Vistra ITCL.
What is Doubtnut's valuation?
The valuation of Doubtnut is $153.33M as of Jan 2022.
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