Allen Career Institute has successfully acquired Doubtnut, an AI-driven doubts solving platform, aiming to develop technology-centric learning solutions focused on enhancing students’ educational outcomes. Allen expressed that Doubtnut’s team will persist in refining the doubt resolution experience for students.
Reports from reliable sources estimate Doubtnut’s value at $10 million in this deal. Despite previously securing $52 million in total funding from investors like WaterBridge Ventures and Peak XV Partners, the company was last valued at $154 million in January 2022.
Nitin Kukreja, CEO of Allen, emphasized the importance of timely doubt resolution in education and expressed excitement about leveraging Doubtnut’s platform to enrich the learning experience for students. He also looks forward to extending Allen’s high-quality academic products to a broader audience.
In an effort to fortify its position in the education sector amidst the edtech slowdown, Allen launched its digital vertical, Allen Digital, last year. Doubtnut gained prominence in 2020 for its innovative use of machine learning and image recognition technology to provide answers in local languages, offering an alternative approach to education in one of the largest markets.
Allen, a prominent coaching institute in India, assists students preparing for exams like IIT JEE Mains & Advanced, NEET-UG, KVPY, and the Olympiads. The institute competes with Aakash, acquired by Byju’s for nearly $1 billion, and Unacademy, valued at $3.4 billion, reportedly considered acquiring Allen.
Founded in 2017 by IIT-Delhi alumni Tanushree Nagori and Aditya Shankar, Doubtnut offers a multilingual online learning platform using image recognition, natural language processing, and proprietary AI/ML algorithms. Currently reaching 32 million students monthly across various digital platforms, Doubtnut provides video-based solutions to students’ queries.
