The financing round, Series A, was led by Chinese giant Tencent. The company raised $15M in a Series A round on Jan 31, 2020. Company: Revenue: Users : Valuation: Doubtnut ₹5.5 lakh (FY19) 13 million: $50 million: Byju’s ₹1,341 crore (FY19)₹2,800 crore (FY20) 50 million: $10.5 billion Looking at this growth, Doubtnut plans to use this fresh capital to expand its product offering in more Indian languages and curriculum subjects. Rakesh Yadav Readers Publication Recommended for you We’re inside a giant boardroom, with off-white walls and rows of tables, which double up as writing surfaces. Doubtnut was founded in 2016 and is headquartered in Gurgaon, India. The development comes as the company is looking to clock $30 Mn average recurring revenue (ARR) by September 2021. Series A funding Compared to seed funding, this type of funding requires the company to have an established market already, and is gaining revenue, but just lacking the additional funding to be profitable. Class-1 | Maths Spl संख्या पद्धति | 1 Year Validity Batch | By Rakesh Yadav Sir | #Careerwill_App - Duration: 1:23:34. At the same time, it's book networth has increased by 292.58 %. Vedantu’s former chief business officer Ravi Sekhar joined in as the cofounder of this edtech startup in March 2020. DoubtNut Reviews DoubtNut 45. Doubtnut said it has amassed over 13 million monthly active users across its website, app, YouTube, and WhatsApp. Published on Mar 29, 2020 State with reasons whether following are Capital or Revenue Expenditures: (i) Custom duty paid on import of a machinery. What made Byju's splash the cash? The website has a great number of visitors all over the world. In January 2020, Doubtnut raised 15 million in series A funding. This brings Doubtnut's total funding to $18.9M to date. Revenue is still expected to grow by 20-25% while the range for EBITDA before special items was raised to DKK 3.2-3.6bn from previously DKK 3.0-3.5bn (2020… For being able to deliver answers in vernacular languages, Doubtnut uses the data shared by almost 2 million daily users in the form of live classes, notes, and tests. Feb 01, 2020 Manish Singh Doubtnut, a Gurgaon-based startup that operates an app to help students learn and master concepts from math and science using short videos, has … A little over a year later, it is being acquired by Byju's for $100 million. Doubtnut has passed a special resolution to amend its current ESOP scheme and increase the size of the ESOP pool by 293 options, regulatory filings show. The current status of Class 21A Technologies Private Limited is - Active. Olina Banerji, 30 Jun 2020. Besides this, it is also looking to monetise its platform by launching new paid courses. Looking at this growth, Doubtnut plans to use this fresh capital to expand its product offering in more Indian languages and curriculum subjects. She said that more than half of these students have come online in the last one year. India Online Education Market will be US$ 8.6 Billion by 2026. In FY 2019, Doubtnut had revenues of just over $23,000. Revenue From Operations Rs. Revenue: Unknown / Non-Applicable. July 12, 2020 July 12, 2020 by tellpopeyes_3cxmhw “If you have a math question, I’m 99% sure it exists in our database,” says Tanushree Nagori. Doubtnut is backed by Tencent, Omidyar Network India, Japan-based Akatsuki Entertainment Fund, Curefit and others. See what employees say about what it's like to work at DoubtNut. Track . Competitors: UNKNOWN. India E-Learning Companies . Class 21a Technologies's operating revenues range is Under INR 1 cr for the financial year ending on 31 March, 2020. By Bernice Clark on February 1, 2020. It's EBITDA has decreased by -32,082.24 % over the previous year. See what employees say about what it's like to work at DoubtNut. More than 85% of Doubtnut users today come from outside of the top 10 cities in India, said Tanushree Nagori, co-founder of Doubtnut. The adoption of edtech platforms was at an all-time high in India after the Covid-19 pandemic mandated physical institutions to stay shut for months. Doubtnut (doubtnut.com) is one of the popular websites around the globe. This allows Doubtnut to answer 90 percent of the questions—whether computational in nature or word-based problems—in real time. Salaries, reviews and more - all posted by employees working at DoubtNut. Since the company has monetized its business only in 2020, in this short span the company lodged 10x revenue growth. Existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures also participated in the round. 4. Author Deshi Companies Posted on 13/10/2020 Categories Company Profile Leave a comment on Testbook Company Profile, Wiki, Networth, Establishment, History and More Other performance and liquidity ratios are available here. Check below for Doubtnut (doubtnut.com) wiki, Doubtnut (doubtnut.com) revenue, Doubtnut (doubtnut.com) contact details, Doubtnut (doubtnut… Edtech startup Doubtnut has raised INR 224 Cr (about $31 Mn) in a round led by Hong Kong-based venture capital firm SIG Investments and James Murdoch’s Lupa … 636 Number of Organizations • $3.6B Total Funding Amount • 508 Number of Investors. But … The company projects a 20x growth in its junior grades, and a 15x growth in its senior grade subscriptions by 2020. 30,000 and rate of income tax is 40% . Gurugram-based ed-tech startup Doubtnut on Thursday said it had raised ₹ 224 crore in Series B funding led by SIG and Lupa Systems. Doubtnut leverages technology to make education accessible for all. Jun 29, 2020. www.vccircle.com . Besides this, it is also looking to monetise its platform by launching new paid courses. Doubtnut (doubtnut.com) earns money through advertisement platforms and also through the YouTube channel. Subject matter experts then create a Khan Academy style video to answer each doubt. Salaries, reviews and more - all posted by employees working at DoubtNut. India’s biggest edtech Byju’s wants to acquire newbie startup Doubtnut, say reports. Existing investors Omidyar … Indian edtech giant Byju’s in talks to acquire Doubtnut for more than $125M Byju’s is in advanced stages of talks to acquire Doubtnut, a two-year-old education learning app, as the Indian edtech giant looks to expand its reach in smaller cities and towns in the world’s second largest internet market. Delhi-NCR-based Doubtnut uses image recognition, natural language processing and proprietary machine learning algorithms to provide real-time and video-based vernacular-language solutions to students’ queriesThe startup has raised $19.5 Mn from Waterbridge Ventures, Tencent, Sequoia Surge and Omidyar NetworkDoubtnut is clearing the doubts of students from Tier 2 and Tier 3 … Nvidia beats with Q4 revenue of $5B vs. $4.8B expected, up 61% YoY, data center revenue of $1.9B, ... raises $31M Series B led by James Murdoch's Lupa Systems and SIG — Doubtnut, an Indian startup that helps students learn and master concepts from math and science using short videos … More: The Economic Times and TechCircle. It is hoping to surpass the $100 million mark in revenue by that time. So, By all these qualities Doubtnut makes a place in our list of Top 10 best Edtech Companies in India 2021. With 2 Mn DAU, Doubtnut Aims To Clock $30 Mn Average Recurring Revenue By September 2021. Know how to check BSEAP result 2020 & complete details related to AP class 10 result 2020. February 1, 2020 josh 0 Comments. 4,00,000 , Cost of Revenue from Operations 60% of Revenue from Operation, Operating expense Rs. Indian education startup company, Doubtnut, achieves $15 million series A funding from China’s tech giant Tencent. Byju currently have more than 9,000 employees and a revenue of 520 crores INR. Given a $8-10 Billion revenue industry / 4x — 5x growth estimate by 2025, although Santa has come early in 2020, (s)he would not be disappointed and leave well served with hot … We have created an App using which students can ask study questions in Math by clicking the picture of the problem or concept. upGrad’s revenue growth comes as the ed-tech market in India is growing at a fast pace. More: The Economic Times: Doubtnut raises Rs 224 crore in … Read More. (ii) Wages paid … The Gurugram-based startup’s total ESOP pool is now worth Rs 27.3 crore. The financing round, Series A, was led by Chinese giant Tencent. Forecast By Segments (Primary and Secondary Supplement, Test preparation, Reskilling and online certifications), Business Model, Technology Innovation, Company Analysis Given the scenario, dominant players like BYJU’S, Vedantu and Unacademy managed to woo and onboard millions of students across Tier 1 cities. Lists Featuring This Company. 55 Number of Organizations • $206.6M Total Funding Amount • 204 Number of Investors. Track . Jobs. The deal will push Doubtnut’s valuation to over $100 million . Doubtnut Scholarship Admission Test (DSAT) Doubtnut Scholarship Admission Test (DSAT) will be conducted on 16 Aug 2020 at 2 P.M. Register for DSAT exam & get prepared to crack JEE 2022. AP SSC result 2020 for class 10 declared, all students promoted. … 18.9M to date Capital, Waterbridge, Tencent holdings and Omidyar Network India, Omidyar Network.! 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