🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Udyamee

Baki sab thik ? • 8m

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📉.

13 replies17 likes
Replies (13)

More like this

Recommendations from Medial

Image Description

Mahendra Lochhab

Content creator • 6m

>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

Don't Judge A Book B... • 7m

Can anyone tell me why koo app was failed ?

5 replies3 likes
1
Image Description
Image Description

Ashutosh Mishra

Chartered Accountant • 6m

Remember Gaana Music app It has been acquired by the parent company of the Radio Mirchi ie. ENIL for only ₹25 lacs. This came into limelight after ENIL’s filing with NSE. Gaana raised a total of $200 million was once valued at $580 million.

7 replies4 likes
Image Description
Image Description

Mahendra Lochhab

Content creator • 1m

In shorts news app was founded by Azhar iqubal, Anunay Arunav, and deepit Purkayastha in 2013. In shorts was started in 2013 with a Facebook page News in Shorts. That year they launched Inshorts, an app with a format of news in 60 words. Inshorts w

See More
7 replies8 likes
Image Description
Image Description

Applyly

Hey I am on Medial • 3m

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

Founder & Editor of ... • 6m

San Francisco-based startup Story has raised $80 million in funding to develop a blockchain to protect creators’ 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

#uiux designer #free... • 9m

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

Harsh Dwivedi

 • 

Medial • 3m

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

Mohammed Zaid

Building-HatchUp.ai • 4m

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
1
Image Description
Image Description

Havish Gupta

Figuring Out • 28d

Why Did Webvan, a Grocery Delivery Platform failed So, it was 1996. The internet was expanding as crazy, and every dot-com company was raising millions with nothing but an idea. Louis Borders decided to jump on this trend and thus started Webvan.

See More
10 replies16 likes
5

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