Gurugram-based Doubtnut, an education platform with more than 1.2 million daily users, on Friday announced a Series A round of funding of USD 15 million led by Tencent with participation from existing investors Omidyar Network India, AET, Japan and Ankit Nagori (Co-founder Cure.Fit, Ex-CBO Flipkart) along with Sequoia Capital India.
Prior to this, the company raised USD 3.3 million in its Pre-Series A in March 2019 in a round led by Surge, Sequoia Capital scale-up programme, Waterbridge Ventures, Omidyar Network India and AET, Japan. Doubtnut said it will use the funds to widen its pan-India distribution, build on its content repository to cater to a fast expanding target group, invest in strengthening its technology stack, and scaling its team.
Source: YourStory
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