Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 14 2018

Ed-tech Startup Doubtnut Receives Fresh Funding From WaterBridge, Omidyar

Doubtnut, operated by Class 21A Technologies Pvt. Ltd, was founded in 2016 by Tanushree Nagori and Aditya Shankar, both graduates of IIT Delhi.

Led by WaterBridge Ventures Network and participated by Impact investment firm Omidyar, Gurgaon-based ed-tech startup Doubtnut has secured a pre-Series A round amounting to Rs.3.5 crore ($539,000).

A statement issued by the company said, the company will use the capital to expand its platform, add more subjects, support more regional languages and accelerate the development of several new product features.

With this funding, Sarbvir Singh, partner at WaterBridge Ventures, will join Doubtnut’s board of directors and Omidyar Network will appoint a director of their own, the statement added.

Singh from WaterBridge in the statement said, “We believe that a student-first, multi-lingual approach is needed if educational initiatives are to work at scale in the country. Students need on-demand solutions to problems in a language that they can understand.”

 It is a multi-lingual online learning platform for students. Available on the Google Play store, the startup uses artificial intelligence to provide solutions to math problems. Students can upload a photo of their query or doubt in math and the startup will send them a video with a solution within 24 hours.

Co-founder Doubtnut Shankar said, “Doubtnut aims to impart world-class learning to students by leveraging cutting edge technology such as machine learning-driven math image recognition and burgeoning information inclusivity in India.”

WaterBridge Ventures invests in early-stage ventures and has offices in Delhi and Bangalore. It has previously invested in eight tech-focused companies across various sectors.

 

 

Comment
Related opportunities
  • Cosmetics & Beauty Product Stores
    About Us:  Incorporated in 2010, at Mumbai (Maharashtra, India), we &ldquo..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Car wash / Ceramic Coating / Detailing
    About Us: Green Salute is a novel concept designed to allow..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater PUNE Maharashtra
  • Technology
    Maptek Softwares LLP is an award-winning web design & development..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 240
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Being dessert lovers and passionate foodies, the trio decided..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities