Edtech player Doubtnut raises Rs 224 cr for vernacular base expansion

DIG, James Murdoch's Lupa Systems and and existing investors Sequoia, Omidyar Network and Waterbridge Ventures participate in funding

Edtech platform Doubtnut has raised a Rs 224 crore (approximately $30 million) funding from SIG and James Murdoch’s Lupa Systems and existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures. With this, the company has so far raised $50 million in total.

The fresh capital raised will be used for expansion into more languages and curriculum subjects and to launch new paid courses. 

According to reports, edtech decacorn Byju’s was in talks to acquire Doubtnut last year at a valuation of $100 million but the deal fell through in the last stage over valuation differences.

Founded by IITians Tanushree Nagori and