Ed-Tech Startup Doubtnut Receives Funding From WaterBridge, Omidyar
Ed-Tech Startup Doubtnut Receives
Funding
From WaterBridge, Omidyar
Led by WaterBridge Ventures Network and participated by
Impact investment firm Omidyar, Gurgaon-based ed-tech startup Doubtnut has
secured a pre-Series A round amounting to Rs.3.5 crore (USD 539,000).
A statement issued by the company said, the company will
use the capital to expand its platform, add more subjects, support more
regional languages and accelerate the development of several new product
features.
With this funding, Sarbvir Singh, partner at WaterBridge
Ventures, will join Doubtnut’s board of directors and Omidyar Network will
appoint a director of their own, the statement added.
Singh from WaterBridge in the statement said, “We believe
that a student-first, multi-lingual approach is needed if educational
initiatives are to work at scale in the country. Students need on-demand
solutions to problems in a language that they can understand.”
WaterBridge Ventures invests in early-stage ventures and
has offices in Delhi and Bangalore. It has previously invested in eight
tech-focused companies across various sectors.
Led by WaterBridge Ventures Network and participated by
Impact investment firm Omidyar, Gurgaon-based ed-tech startup Doubtnut has
secured a pre-Series A round amounting to Rs.3.5 crore (USD 539,000).
A statement issued by the company said, the company will
use the capital to expand its platform, add more subjects, support more
regional languages and accelerate the development of several new product
features.
With this funding, Sarbvir Singh, partner at WaterBridge
Ventures, will join Doubtnut’s board of directors and Omidyar Network will
appoint a director of their own, the statement added.
Singh from WaterBridge in the statement said, “We believe
that a student-first, multi-lingual approach is needed if educational
initiatives are to work at scale in the country. Students need on-demand
solutions to problems in a language that they can understand.”
WaterBridge Ventures invests in early-stage ventures and
has offices in Delhi and Bangalore. It has previously invested in eight
tech-focused companies across various sectors.
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