Doubtnut raises $25 Mn in Series B round
Gurugram: Edtech startup Doubtnut has raised Rs 183.3 crore or $25 million in its Series B round from SIG Global, Sequoia Capital, WaterBridge Ventures, and ON Mauritius, regulatory filings show.
The fresh round comes after a gap of one year and takes the total investment in the Gurugram-based startup to $44 million to date. In January 2020, it had picked up $15 million in its Series A round led by Tencent.
Doubtnut has allotted 8,097 series B preference shares at an issue price of Rs 226,345 per share to raise Rs 183.3 crore in which SIG Global has invested Rs 111.7 crore. Sequoia, ON Mauritius and WaterBridge, have pumped in 37.25 crores, Rs 26.8 crore, and Rs 7.5 crore respectively.
Doubtnut allows students to send screenshots of their doubts and offers free video solutions in quick time. The four-year-old startup’s core audience is the K12 segment and also competitive exam seekers including JEE and NEET.
