Allen Career Institute has acquired the problem-solving Ed-Tech platform Doubtnut. However, Allen has not yet disclosed the acquisition amount.
Doubtnut is an Indian education platform which was started in 2016 by Aditya Shankar and Tanushree Nagori. This platform provides digital solutions to students. Doubtnut reportedly reaches 32 million children through its Digitala apps, website, and YouTube. Doubtnut has so far raised a total funding of $52 million from WaterBridge Capital, Peak XV Partners, and other investors.
Allen said the acquisition will help the tutoring institute build on its technology-led learning solutions. In May 2023, Allen appointed former Meta executive Abha Maheshwari as the Chief Executive Officer of its platform Allen Digital.
Abha Maheshwari was tasked with building and leading the tutoring institute’s digital and technology teams. To strengthen his ed-tech business, last year institute also hired Ankit Khurana (as CPO – chief product officer) and Saurabh Tandon (as CTO – chief technology officer).