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

Franchise India Bureau March 14 2018 - 5 min read
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.

 

 

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