Allen Career Institute, a company that provides preparation for competitive entrance examinations including medical and engineering, has completed the acquisition of AI-based doubt solving platform Doubtnut. The company gave this information on Monday.
News agency PTI has quoted sources as saying that Allen has bought Doubtnut for 10 million dollars i.e. about Rs 83 crore.
The goal is to create a world-class doubt platform.
The entire Doubtnut team will join Allen to create a ‘world-class Doubt platform’. Allen said in a statement, ‘This strategic step reflects the company’s commitment to creating technology-based learning solutions focused on improving student learning outcomes.’
The statement said that following the acquisition, the Doubtnut team will continue to provide doubt resolution services for students of both Allen and Doubtnut.
Doubtnut’s platform will allow us to significantly improve the learning experience for our students. We are excited to offer ALLEN’s high quality academic products and services to a larger number of students.
Nitin Kukreja, CEO, Allen
Doubtnut reaches 3.2 crore students
Doubtnut’s digital apps, websites and YouTube channels reach 32 million students every month. Doubtnut’s mission is to take education to every student in the country using technology and high quality content.
We have been creating technology products that focus on improving learning outcomes. Our view on this point matches Allen’s view.
Aditya Shankar, Co-Founder, Doubtnut
The company said in a statement that Allen will offer its curriculum and academic courses to Doubtnut’s student base and meet their needs.
