Doubtnut cuts costs by 80%, raises $2.5 million in internal round

  • Doubtnut, a doubt clearing edtech firm, has raised $50 million in total funding, including a $31 million Series B round in February 2021.
  • The company has not focused on monetisation until FY22.
  • Sources say that their strategy of hacking growth now and figuring out monetisation later has taken a toll on the company.
  • Doubtnut has now raised $2.5 million in an internal round and has slashed costs by 80%.

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