Back to feeds

Udyamee

Stealthย โ€ขย 6m

๐—ช๐—ต๐—ฎ๐˜ ๐—ช๐—ฒ๐—ป๐˜ ๐—ช๐—ฟ๐—ผ๐—ป๐—ด: ๐—ช๐—ถ๐˜๐—ต ๐——๐—ผ๐˜‚๐—ฏ๐˜๐—ป๐˜‚๐˜?๐Ÿง 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.๐Ÿคก > 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 10m๐Ÿ“‰.

13 replies17 likes
Replies (13)

More like this

Recommendations from Medial

Image Description

Mahendra Lochhab

Stealthย โ€ขย 4m

>Gaana App has been acquired by Radio Mirchi for Rs 25 lakhs. >Gaana App is an on-demand music streaming platform that was once a $500 million startup. >After failed merger and acquisition talks with Wynk Airtel, the app was acquired by Radio Mirch

See More
2 replies6 likes
Image Description
Image Description

Phalgun Bhat

Stealthย โ€ขย 4m

Can anyone tell me why koo app was failed ?

5 replies3 likes
1
Image Description
Image Description

Ashutosh Mishra

Stealthย โ€ขย 4m

Remember Gaana Music app It has been acquired by the parent company of the Radio Mirchi ie. ENIL for only โ‚น25 lacs. This came into limelight after ENILโ€™s filing with NSE. Gaana raised a total of $200 million was once valued at $580 million.

7 replies4 likes
Image Description
Image Description

Applyly

Stealthย โ€ขย 24d

AdvantageClub.ai raises $4 Million Funding: Details and Future Plans AdvantageClub.ai, an employee engagement platform, has raised $4 million in fresh funding. Axilor Ventures led the funding round. Other investors included AFG Ventures, Bytez Ventu

See More
2 replies6 likes
Image Description
Image Description

Harshajit Sarmah

Stealthย โ€ขย 4m

San Francisco-based startup Story has raised $80 million in funding to develop a blockchain to protect creatorsโ€™ intellectual property from being used by AI developers like OpenAI without authorization. The funding round was led by Andreessen Horowi

See More
4 replies12 likes
3

Payal Manghnani

Stealthย โ€ขย 6m

CHOSEN, a startup that specializes in skincare and is located in Chennai, has successfully raised $1.2 million in funding. The funding was obtained through a seed funding round and was provided by a combination of friends, family, and investors w

See More
0 replies6 likes
Image Description
Image Description

Mohammed Zaid

Stealthย โ€ขย 2m

Bengaluru-based healthcare company Even Healthcare has wrapped up its Series A funding round after raising $30 million (around Rs 250 crore) as it aims to boost its hospital operations. The funding round was led by existing investor Khosla Venture

See More
3 replies6 likes
Image Description
Image Description

Harsh Dwivedi

ย โ€ขย 

Medialย โ€ขย 22d

Unacademy was once valued at $3 Billion and above and has raised more $800 Million till date might get sold for $800 Million. If the deal goes through, Unacademy's founders are expected to exit the company. I think Allen is buying just Unacademy and

See More
10 replies19 likes
Image Description
Image Description

Vikas Acharya

ย โ€ขย 

Medialย โ€ขย 12d

Superfone, an all-in-one business phone and CRM app for SMBs, has raised $1.9 million in its pre-Series A funding round. The round was led by YourNest Venture Capital with an investment of $950,000, along with participation from Ankur Capital, Finsig

See More
4 replies2 likes

Payal Manghnani

Stealthย โ€ขย 1m

*Jaya Talent is looking to hire a Marketing Manager* (fully remote) *Company*: AI-focused Launchpad that has secured a total of $11.7 million in funding across two rounds. Their most recent funding round, completed in 2022, raised $5 million. *Appl

See More
0 replies1 like

Download the medial app to read full posts, comements and news.