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Udyamee

Baki sab thik ? • 11m

𝗪𝗵𝗮𝘁 𝗪𝗲𝗻𝘁 𝗪𝗿𝗼𝗻𝗴: 𝗪𝗶𝘁𝗵 𝗗𝗼𝘂𝗯𝘁𝗻𝘂𝘁?🧐 A good idea makes no sense if you can't monetize it. Founded in 2016, Doubtnut was a brilliant idea solving student problems in a way no other edtech in India was doing. The concept for the app was simple yet brilliant, an app that provide video solutions to student questions within minutes. During COVID-19, the app witnessed huge growth, reaching over 50 million users and raising almost $52.4 million in funding. So what went wrong? > Failed to monetize: The company failed to monetize its 50 million user base. > ChatGPT : Faster doubt-solving options. You talk about your job, AI is taking over entire company.🤡 > Funding Issue : Aggressive expansion during COVID and no funding post COVID. Rest is Byjus!! The end: At its peak, the company was offered $150 million for an acquisition from Byju's and Unacademy, but the founders were bullish on their growth and rejected the offer. Later acquired by Allen for just 10m📉.

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