Doubtnut net worth

Doubt clearing app for various subjects.

Employee benefit expenses formed the biggest cost for the six-year-old company. This cost soared 2. Information Technology IT expenses and legal-professional fees also increased 3. Royalty expense also recorded Rs 3. On a unit level, Doubtnut has spent

Doubtnut net worth

News: Allen Career Institute, a well-established coaching institute located in Kota, is making headlines with its plans to acquire DoubtNut, an edtech startup that focuses on resolving academic uncertainties. Insiders familiar with the matter have disclosed that the impending acquisition will comprise a blend of stock and cash transactions. Lupa Systems has previously shown interest in Indian tech enterprises, having invested in Harappa Education and Doubtnut. However, the latest information indicates that the Allen-DoubtNut transaction will predominantly involve equity, with a minor cash component. Insiders with close ties to the situation have indicated that DoubtNut has been actively exploring consolidation opportunities for several quarters. Co-founder Tanushree Nagori dismissed speculations about potential takeovers in an interview with Entrackr. For the fiscal year , DoubtNut disclosed earnings of Rs 10 crore, accompanied by expenditures amounting to Rs crore. The financial figures underscore the considerable hurdles the company has encountered in terms of monetization and profitability. With the entrance of Allen Career Institute as the new owner, the focus now shifts to how they will leverage their resources and expertise to navigate these challenges and propel DoubtNut towards a path of success. In summary, the acquisition of DoubtNut by Allen Career Institute stands as a pivotal development in the Indian ed-tech market. Amidst the ongoing surge in the ed-tech industry, this acquisition has the potential to redefine the landscape for both entities, positioning it as a transformative event in their trajectories.

A statement from Allen Career Institute, which is primarily an offline coaching business, said the acquisition will help the tutoring institute build on its technology-led learning solutions. View complete company profile of Doubtnut. Application Form, doubtnut net worth.

Doubtnut is available as an Android application on Play Store or by accessing its official website. The platform uses image recognition technologies to provide answers and explanation of mathematical and science questions of highschool to college level. The app extracts text from the image and tries to match it in its database of questions which are pre-answered, having recorded video solutions. If it finds a match, then the result is provided to the user otherwise it asks the user to post their question publicly for tutors available on the platform to provide a video explaining their query. Contents move to sidebar hide. Article Talk. Read Edit View history.

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Doubtnut net worth

The sale of subscription services is the only source of revenue for Doubtnut. The firm allows students to send screenshots of their doubts and offer free video solutions in quick time. The company also has other income mainly from gains of investment and interest on deposits which surged 5X to Rs 4. On the cost side, employee benefit expenses were the largest cost center for the company forming This cost rose 2. Advertisement and promotional expenses emerged as the second largest spend followed by employee benefits. These costs surged The legal and professional cost for the company expectedly spiked to Rs

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Download as PDF Printable version. Tools Tools. Abc Medium. This will alert our moderators to take action. Get in touch. Get a deep dive into Doubtnut's funding rounds. The financial figures underscore the considerable hurdles the company has encountered in terms of monetization and profitability. Sebi wants to rein in fund managers amid bull market. Nifty 22, ET Soonicorns Summit. Article Talk. Market Research.

Varsha worked as an investment banking analyst at Goldman Sachs before switching to journalism. She started off at Business India and later moved to Forbes India where she writes across industries and companies but has a bias towards startups, technology and the FMCG sector. She was a national level athlete and now enjoys running half marathons.

Amidst the ongoing surge in the ed-tech industry, this acquisition has the potential to redefine the landscape for both entities, positioning it as a transformative event in their trajectories. Who are the top competitors of Doubtnut? View all reports related to Doubtnut or Explore all reports by Tracxn. Unlock this story and enjoy all members-only benefits. Same day delivery up next? What is the annual revenue of Doubtnut? The app extracts text from the image and tries to match it in its database of questions which are pre-answered, having recorded video solutions. Retrieved 10 December Did She Get Plastic Surgery? Entrance Exam. Gurugram , Haryana [ citation needed ] , India. A: DoubtNut is an edtech startup that specializes in addressing doubts. Tencent is the largest institutional investor in Doubtnut.