You can be on Entrepreneur’s cover!

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.

Prabhjeet Bhatla

Former Staff

Business News

Elon Musk Reveals When Tesla Will Release Its First Robotaxi

Tesla's CEO says the fully autonomous Tesla taxi is arriving soon — in 122 days.

Business News

A Non-Profit Newspaper Published a Column Criticizing Facebook. Then Meta Blocked All of Its Posts.

Facebook's communications chief said that the posts were removed because of "a mistaken security issue."

Real Estate

How PR Can Build Trust and Credibility for Real Estate Brands

Follow these insights and actionable tips for leveraging PR to enhance the reputation and visibility of your real estate brands.


Is the Company Tagline You Want to Use Already Someone Else's Trademark? Here's How to Avoid Legal Issues and Infringement.

Emphasizing the importance for small business owners to ensure that their chosen company taglines or trademarks are not already registered, to avoid potential legal issues and infringement on someone else's intellectual property.

Business News

Walmart Shoppers May Be Eligible for $500 After Settlement

Walmart shoppers who purchased weighted goods or bagged citrus in the U.S. or Puerto Rico from late 2018 through early 2024 might be eligible for a share of a $45 million settlement.

Business News

Total Solar Eclipse 2024 Live Feed: Where, When and How to Watch the 2024 Eclipse

Here's what to know about the total eclipse 2024 and a live stream from NASA.