[The Outline By Inc42 Plus] Do Tech Workers Want Offices To Reopen? Doubtnut has declined to comment on the last fiscal’s revenue metrics but said it had grown 10x between September and December 2020. Revenue Model – How Udaan earns? Given the scenario, dominant players like BYJU’S, Vedantu and Unacademy managed to woo and onboard millions of students across Tier 1 cities. But a close look at the startups in the edtech space reveals that BasicFirst and Quizziz are also offering a similar solution around doubts and questions. Doubtnut. Subject matter experts then create a Khan Academy style video to answer each doubt. What does doubtnut mean? “We are also exploring new geographies outside India,” says Nagori, without revealing the details. But those residing in semi-urban and rural areas lagged due to limited access to digital infrastructure, lack of e-courses and the absence of trained teachers who could conduct online courses. Doubtnut Frequently Asked Questions. Definition of doubtnut in the Definitions.net dictionary. To visit our Archives, click here. But a close look at the company’s app reveals that the startup offers a wallet feature (DN Wallet) where students can add money using Paytm, WhatsApp Pay, UPI, debit card, net banking and other methods to access paid and premium content on the platform. The startup will be adding more languages in the coming months. Developer of a K12 EdTech e-learning platform designed to solve doubts online for vernacular students. BYJU’s, Unacademy, and now Doubtnut are few edtech applications that saw exponential growth in usage of their products in initial years. Before getting to the revenue model, let’s talk about market size and opportunity, Going by the reports, there are 50 Million SME(Small and medium enterprises) in India and the total number of transactions that take place across these segments has crossed 600 billion. Below are all the Frequently Asked Questions about Doubtnut. Doubtnut is also experimenting with a longer-term subscription-based model for live courses and other related offerings like videos-on-demand and notes since September 2020. I take a keen interest on startups and venture capital firms and have written extensively on fundraises, M&As and business strategies. a disc with a hole in the middle. Big Announcement...Doubtnut brings a very good news for all students of Class 9th to Class 12th. You can buy our tablet version from Magzter.com. Apply to jobs at Doubtnut today. While Doubtnut competes with edtech majors like BYJU’S, Vedantu and Unacademy, and there had been speculations regarding its acquisition, the company claims it has the first-mover advantage when it comes to resolving doubts and catering to the next half-a-billion users from Tier 2 and Tier 3 cities. Let Doubtnut and other companies compete to hire you! Launching The State Of Indian Startup Ecosystem Report 2021. Groww is an investment platform that offers a new way of investing money with stockbroking and direct mutual funds. 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. The way Doubtnut works is simple enough. Indian Startups, Entrepreneurship, News, Resources & More, 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’ queries, The startup has raised $19.5 Mn from Waterbridge Ventures, Tencent, Sequoia Surge and Omidyar Network. Currently, the platform is available in 11 languages, including Hinglish (a mix of Hindi and English), Bengali, Telugu and Kannada, among others. around April 25th, 2021* * rough estimate based on current trend We have created an App using which students can ask study questions in Math by clicking the picture of the problem or concept. Recently, Quizizz said it would be adding more Indian languages to its platform to cater to semi-urban and rural audiences. Your browser is currently blocking notification. Doubtnut is a company that develops an e-learning platform intended to provide solve math-related doubts online. With its multiple revenue models in place, Doubtnut is looking to clock $30 Mn average recurring revenue (ARR) by September 2021. Forecast By Segments (Primary and Secondary Supplement, Test preparation, Reskilling and online certifications), Business Model, Technology Innovation, Company Analysis regarding its acquisition, the company claims it has the first-mover advantage when it comes to resolving doubts and catering to the next half-a-billion users from Tier 2 and Tier 3 cities. India Online Education Market will be US$ 8.6 Billion by 2026. What happens to average revenue when marginal revenues is : (i) Greater than average revenue, (ii) Equal to average revenue , (iii) Less than average revenue ? The team has also grown to 231 members from 80 employees in February 2020. CureFit aims at tenfold increase in revenue to $1 billion in next 3 years Premium Mukesh Bansal, co-founder and chief executive, CureFit. As soon as it is submitted, the person will get a text message or a video-based solution that will explain things as lucidly as possible. “I don’t think anybody can do it even in the next 18 months.”. It is also looking … Competitors: UNKNOWN. Check below for Doubtnut (doubtnut.com) wiki, Doubtnut (doubtnut.com) revenue, Doubtnut (doubtnut.com) contact details, Doubtnut (doubtnut… … 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. Doubtnut (doubtnut.com) earns money through advertisement platforms and also through the YouTube channel. With its multiple revenue models in place, Doubtnut is looking to clock $30 Mn average recurring revenue (ARR) by September 2021. — Nvidia on Wednesday published fourth … (Photo: Mint) 3 … The platform was initially launched to clear math-related doubts. “We have made sure to keep technology at the centre of everything we do so that we can offer our solution at an affordable price,” says Nagori. Learn about careers at Doubtnut in software, marketing, sales and operations. According to its corporate filings, Doubtnut posted INR 17.5 Lakh in revenue in FY2018-19 compared to INR 4.6 Lakh in the previous financial year. Their latest funding was raised on Feb 25, 2021 from a Series B round. Doubtnut General Information Description. The outcome: A massive section of the student population remained ill-equipped and underprepared to cope with the new normal even though the sector clocked, While Doubtnut competes with edtech majors like BYJU’S, Vedantu and Unacademy, and there had been. One of the advantages of online education has is that this kind of education model is easily scalable. Nvidia beats with Q4 revenue of $5B vs. $4.8B expected, up 61% YoY, data center revenue of $1.9B, up 97% YoY, and gaming revenue of $2.5B, up 67% YoY — The GPU maker beat Q4 market expectations with record sales in its two key areas of business. should reach. The Indian government is also allowing the universities to offer fully online degrees a change that could reshape the education industry in the country. When not working, I indulge in almost every Indian's poison, cricket, playing or watching. Given the scenario, dominant players like BYJU’S, Vedantu and Unacademy managed to woo and onboard millions of students across Tier 1 cities. They come from places like Bettiah, Saharsa and others, and their parents are mostly farmers, daily-wage earners, NGO workers and so on,” shares Tanushree Nagori, cofounder of Doubtnut. The app also provides an option to recharge the wallet through Airtel Payments Bank, where an automated coupon code gets generated. Thank you for your comment, we value your opinion and the time you took to write to us! I can safely say changing tracks from engineering to journalism has been one of my best decisions. About Joined back the Doubtnut team, this time as their Co Founder. Nagori has not provided too many details regarding payment integration citing confidentiality issues. Doubtnut is not responsible for any discrepancies concerning the duplicity of content over those questions. Since the company has monetized its business only in 2020, in this short span the company lodged 10x revenue growth. The company is yet to achieve profitability but says it is currently focussing on product development and increasing its market penetration. AT VEDANTU - taken the mandate to turnaround Vedantu in Nov'18 and championed its growth story from Series B to Series C and D. Owned P&L, Strategy, Planning and Execution of Sales, Mktg, Category and Product functions at Vedantu and re-built its Distribution channels, Online traffic and Consumer Tech assets from scratch. A student can show this code at the nearest recharge store to make offline payment (INR 100-10,000). “We are simultaneously working on solving payments issues,” says Nagori. The Doughnut, or Doughnut economics, is a visual framework for sustainable development – shaped like a doughnut or lifebelt – combining the concept of planetary boundaries with the complementary concept of social boundaries. I n fact, even when Doubtnut caters to a different segment than Unacademy, the company as of now has 10X more user base than Unacademy did when it raised its Series A round. A student can take a picture of the problem, and share it with Doubtnut through its app, website, or WhatsApp and get a short video that shows the answer and walks through the procedure to tackle it. Similar Questions Asked By Users. Doubtnut (doubtnut.com) is one of the popular websites around the globe. The company aims to expand its user base to 100 Mn by the end of 2021. “Around 90% of our students are from outside the top six Indian cities. Backed by Waterbridge Ventures, Tencent, Sequoia Surge and Omidyar Network, Doubtnut has already raised $19.5 Mn in multiple rounds and will be raising more in the coming months for business expansion. But a few exceptions are out there who have mostly focussed on non-metro students. As of now, 60-70% of the students are paying for their services, and for many, it was their first-ever online purchase. Its losses came down to INR 15.6 Lakh in FY19, from INR 24.5 Lakh in the year-ago period. “Doing it manually will increase the operational cost.”. But Doubtnut sticks to its claim. In fact, the company claims to have recorded a 213% rise in DAU on its app in the past 10 months and a 400% surge in the number of questions asked. Here, a student clicks a snapshot of his/her query and uploads it on the platform. There is no revenue model,” says Nagori of DoubtNut, a startup she co-founded with her husband Aditya Shankar in 2017. Currently working on Dynamic Pricing Model for identifying the amount of offers which should be given at a particular venue using advanced analytics and machine learning techniques. Doubtnut is an Indian interactive online tutoring app which was started by Tanushree Nagori and husband Aditya Shankar, in 2016. So, Doubtnut came into being, providing video-based solutions and responding to students’ queries in vernacular languages. The company was set up by Aditya Shankar and Nagori in 2017. Moreover, accessing the right kind of digital infrastructure for learning (smartphone and internet, to be precise) and making online transactions to avail these services are easier said than done as most of the students hail from Tier 2 and Tier 3 locations as well as rural parts of the country. After the successful product-market fit, the company started to expand its services and language options. We founded WaterBridge Ventures in 2016 with a vision of creating a true venture catalyst for entrepreneurship.India had come off the peak of an aggressive funding cycle of consumer internet start-ups by traditional venture capital as well as non-traditional capital chasing growth, leading to many disappointing outcomes. Meaning of doubtnut. In March 2020, Ravi Shekhar, Vedantu’s former chief business officer, also came on board. Doubtnut has raised a total of $49.9M in funding over 5 rounds. From left: Krishna Kumar, founder and chief executive, Simplilearn; Vamsi Krishna, chief executive, Vedantu; Tanushree Nagori, co-founder, DoubtNut, “ In education, vitamins or things which are good for you don’t work, only painkillers do.” Sarbvir Singh managing partner, WaterBridge Ventures, Click here to see Forbes India's comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy, (This story appears in the 28 February, 2020 issue of Forbes India. Doubtnut. And it led to 100K daily queries and close to 200K monthly active users (MAU). Disclaimer The questions posted on the site are solely user generated, Doubtnut has no ownership or control … The idea came when Shankar and Nagori ran an offline coaching institute in Gurugram for IIT-JEE exams. While coaching thousands of students every month, they noticed that students had loads of doubts regarding the subjects/lessons. “We get about 2 Mn questions every day on our platform,” says Nagori. Thanks to these insights, the duo decided to go the extra mile and develop a ‘doubt-resolution’ platform with the help of image recognition, natural language processing and proprietary machine learning algorithms. One of them is Doubtnut, a startup catering to standards 6-12 students from Tier 2 and Tier 3 locations and prepping them for IIT-JEE, NEET and other important exams. The website has a great number of visitors all over the world. Profitability is the key to unlock the potential in the edtech space going forward. 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The platform provides insights about mutual funds, systematic investment planning, equity-linked savings, and everything from the personal finance world, which helps new investors make investing simple by maintaining a simplified Doubtnut leverages technology to make education accessible for all. Doubtnut is funded by 10 investors. Unlike other edtech startups, Doubtnut’s usages is mainly driven by students in tier II and tier III cities. But those residing in semi-urban and rural areas lagged due to limited access to digital infrastructure, lack of e-courses and the absence of trained teachers who could conduct online courses. Information and translations of doubtnut in the most comprehensive dictionary definitions resource on … Revenue: Unknown / Non-Applicable. Exclusive industry analysis, provocative insights, & deep dives for Inc42 Plus Members. Students can also opt for a flexible ‘sachet’ mode and pay upfront for the modules they need instead of paying a lump sum amount for a monthly, quarterly or annual subscription as charged by other edtech companies. 1.27M Subs. Doubtnut is clearing the doubts of students from Tier 2 and Tier 3 cities, but can it resolve payment and profit issues to ensure sustainable growth? Most edtech startups are at it, but integrating multiple payment options, which have deeper penetration in these regions, will accelerate their growth multifold,” says Utkarsh Sinha, an angel investor and managing director at Bexley Advisors, a boutique advisory firm supporting tech/media companies and investors in their early funding rounds. 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Although the startup claims to solve millions of queries on math, physics, chemistry and other subjects, can it generate adequate revenue from underprivileged students who form a big chunk of its user base? Alarming NPAs Amid Second Covid Wave – Can India’s Digital Lenders Weather The S... After April Boom, Indian Startup Funding Drops 95% In First Half Of May 2021, Investment Tech: Decoding The $14.3 Bn Retail Investment Opportunity In India, Indian Crypto’s Fate And Its Tryst With RBI, Supreme Court & Govt, Tata Digital Plans INR 5K Cr Fundraise To Fuel Super App Plans. And its services cost between INR 5 and INR 3,000. Needless to say, startups that have a strong business and revenue model will thrive in the coming times. Doubtnut claims to have around 35 Mn MAU across all digital platforms, including its website and mobile app, YouTube, WhatsApp, Facebook Messenger and Instagram. Doubtnut's main competitors include Instasolv, Speakly, Aanaab and BabySparks. The outcome: A massive section of the student population remained ill-equipped and underprepared to cope with the new normal even though the sector clocked a 223% rise in funding last year, across 101 deals. 30 Startups To Watch: The Startups That Caught Our Eye In April 2021, Inc42 Shots | 7 Mantras For Becoming A Successful Entrepreneur, Inc42 Shots | Trends The Fintech Industry Will Witness In 2021. Besides, there was a general inclination towards learning in vernacular languages. The questions are about Doubtnut funding, Doubtnut revenue, Doubtnut founder, Doubtnut CEO, Doubtnut Head office, Doubtnut contact details and more. However, the use cases are likely to be different. Doubtnut is available as an Android application or by accessing its official website Doubtnut | 15,839 followers on LinkedIn. According to Doubtnut’s annual financial statement for the fiscal year ending 2019, the company has generated revenue from operations amounting to … “Right now, nobody in India is offering doubt resolution,” said Nagori, adding that the company is way ahead of others in terms of scale, content repository and understanding students’ mindset. “It is an exciting phase for edtech startups, particularly for those catering to students from Tier 2, Tier 3 and semi-urban regions. where p is the price in dollars of the company's product. I am a foodie and video game buff. It is also looking to expand its offerings like live courses to cover various state boards and competitive exams across India besides scaling its technology, products and growth in the coming months. But as per Similar Web, it had about 25 Mn MAU across all platforms at the time of writing this article. How BNPL Startups, Pay Later Models Are Rewriting The Future Of Lending In India... Will India's Mobility Startups Survive Second Covid Wave? Cryptocurrency As Digital Asset, Exchange Regulations & More: IndiaTec... #StartupsVsCovid19: CEOs Of Apple, AWS, Walmart And Others Launch Glob... [The Outline By Inc42 Plus] What is Holding Back India’s Healthtech? In 2009, the couple had started giving offline tutoring to grade 9 to 12 students, where they taught mathematics and science. Compare Doubtnut to its competitors by revenue, employee growth and other metrics at Craft. It was one of the biggest challenges they faced, and nearly 80% of the coaching time was spent resolving those doubts. 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. 4. Doubtnut has emerged as a popular go-to option among student communities as it recommends the right content, including live classes, notes and tests to help students learn better, she adds. 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