Doubtnut Raises INR 224 Cr In Series B Funding Round Co-led By SIG And Lupa Systems The funds raised will be used to expand the product into more languages and curriculum subjects and to launch new paid courses

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Gurugram-based K12 edtech platform for "vernacular first' students Doubtnut announced on Thursday to have raised an investment of INR 224 crore from SIG and Lupa Systems. Existing investors Sequoia Capital India, Omidyar Network India, and Waterbridge Ventures also participated in the round.

Avendus Capital acted as the exclusive financial advisor to the company on this transaction.

The funds raised will be used to expand the product into more languages and curriculum subjects and to launch new paid courses.

The multilingual doubt-solving platform uses artificial intelligence and machine learning (AI/ML) for image recognition, natural language processing, and proprietary algorithms to provide video-based solutions. More than 2.5 million daily active users are spending 600 million minutes per month on the platform, the company said.

"Doubtnut has been built with a vision to improve learning outcomes for all students, especially those outside the major Indian cities. We specialize in developing content in vernacular languages and use technology to create affordable solutions for people in this large target segment," shared Tanushree Nagori, co-founder and chief executive officer, Doubtnut.

Founded in 2017, the app offers solutions to more than 65 million questions monthly in 9 languages for students of CBSE and 15 state boards. Its vast reach is reflected through 85 per cent of its current user base coming from outside the top 15 Indian cities and 60 per cent of the current user base from state boards where the typical medium of instruction is the local vernacular language.

"We are pleased to welcome onboard SIG and Lupa; SIG brings in the strong experience of investing in edtech companies globally and Lupa Systems brings the unparalleled experience of building world-class businesses and harnessing high-impact technologies," Nagori added.

Doubtnut had raised capital from venture debt firm InnoVen Capital in October last year.

Wavy Line
Prabhjeet Bhatla

Former Staff

Related Topics


How I Made Money From My Book Without Selling a Single Copy

Did you know you can make money with a book without selling copies? Here's exactly how I did it.

News and Trends

KL Rahul Invests In Sequoia-Backed

KL Rahul, who is currently recovering from a sports injury has joined hands with to inspire every Indian to be their healthiest and best self with its all-encompassing platform

News and Trends

B2B Fintech platform BharatNXT Raises $1.2 Million Seed Fund

The funds will be utilized to invest in product development and expanding the team size by 4 times and enhancing the scalability of the core technology to accommodate ten times the current growth

Money & Finance

3 Ways to Create Multiple (Big) Streams of Income

Here are three ways to create multiple streams of income. These strategies require effort and resources but offer significant financial potential.

Money & Finance

What Is Annual Income? Here's How to Calculate It.

Want to know how much money your business or personal budget brings in each year? Discover how to calculate annual income in this detailed guide.

Science & Technology

She's Been Coding Since Age 7 and Presented Her Life-Saving App to Tim Cook Last Year. Now 17, She's on Track to Solve Even Bigger Problems.

Angelina Tsuboi, a full-stack mobile and web developer who also happens to be a pilot, has always been solution-oriented.