# DoubtNut

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/doubtnut

- Industry: Education/Training
- Headquarters: Gurgaon, India
- Website: www.doubtnut.com
- Total disclosed funding: $50M
- Latest round: Series B (Feb 6, 2021)
- Investors on record: 11

## About

DoubtNut is an India-based educational platform offering instant video solutions to students. It utilizes image recognition technology to address academic queries in various subjects adhering to the NCERT curriculum for classes 6 to 12.Founded in 2016, DoubtNut operates from Gurgaon, India, providing a platform for students to seek instant academic help. The company was co-founded by Aditya Shankar, Ravi Kv, and Tanushree Nagori. In December 2023, ALLEN Career Institute Private Limited acquired DoubtNut from Lupa Systems, InnoVen Capital, Omidyar Network, Redwood Trust, Sequoia Capital, SIG Capital, and WaterBridge Ventures for approximately USD 10 mn. The company has successfully completed 7 deals, raising a total of USD 2,298.31 mn to date, with its most recent deal occurring in December 2023.DoubtNut provides a comprehensive educational platform focused on delivering instant video solutions for subjects such as Mathematics, Physics, Chemistry, and Biology, aligned with the NCERT curriculum for classes 6 through 12. The platform allows users to upload images of their queries which are matched with pre-answered questions from a vast database. Solutions are prepared by in-house experts and cover essential curriculum materials. DoubtNut primarily serves students preparing for board and competitive exams, including IIT JEE and NEET, across various regions in India and offers resources in local languages.In the most recent year, DoubtNut reported a revenue of USD 271,182.70 and an EBITDA of USD -13,244,705.70. The company generates revenue through various subscription models, providing access to an extensive library of video solutions, with a substantial amount of content available for free and monetized through premium subscriptions that include additional resources for students.Following its acquisition by ALLEN Career Institute Private Limited in December 2023, DoubtNut plans to utilize the funds from this transaction to enhance its product offerings and expand into new geographic markets. The company aims to develop new educational products tailored to meet the needs of students and enhance its current services. Specific details regarding upcoming product launches and targeted expansion regions are anticipated as part of their growth strategy.

## Funding rounds

- Series B, Feb 6, 2021, $32M — Hong Shan, SIG Capital, Redwood Trust, Omidyar Network, WaterBridge Ventures, Lupa Systems
- Series A, Jan 18, 2020, $15M — Redwood Trust, Tencent Investment, Omidyar Network, SURGE Ventures, Akatsuki Ventures, Peak XV Partners
- Seed, Mar 22, 2019, $3.4M — Omidyar Network, SURGE Ventures, WaterBridge Ventures, Akatsuki Ventures, Peak XV Partners
- Seed, Mar 15, 2018, $0.5M — Omidyar Network, Vistra ITCL, WaterBridge Ventures

## Investors

- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Seed, Series A, Series B
- Vistra ITCL — Seed
- WaterBridge Ventures (https://capitalatlas.ai/funds/waterbridge-ventures) — Seed, Series B
- SURGE Ventures (https://capitalatlas.ai/funds/surge-ventures) — Seed, Series A
- Akatsuki Ventures (https://capitalatlas.ai/funds/akatsuki-ventures) — Seed, Series A
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Seed, Series A
- Redwood Trust — Series A, Series B
- Tencent Investment — Series A
- Hong Shan — Series B
- SIG Capital (https://capitalatlas.ai/funds/sig-capital) — Series B
- Lupa Systems (https://capitalatlas.ai/funds/lupa-systems) — Series B