“Edtech startup Doubtnut has raised INR 224 Cr (about $31 Mn) in a round led by Hong Kong-based venture capital firm SIG Investments and James Murdoch’s Lupa Systems. Existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures also participated in this round. With this round, the edtech startup has raised close to $50 Mn to date.”, as per the reports by Inc42.

Pier Counsel advised Doubtnut led by managing partner Anand Kumar.

With Algo, the firm had also acted for Doubtnut on its $15m Series A only a month earlier.

Deal value: $31m

2021-02-25

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.