ALLEN Career Institute acquires India’s largest AI-led doubts platform Doubtnut
ALLEN Career Institute (“ALLEN”) announces acquisition of India’s largest AI-led doubts solving platform, Doubtnut. This strategic move reflects ALLEN’s commitment to building technology led learning solutions focused on improving students’ learning outcomes.
Doubtnut’s team will continue their focus on building a world-class doubts resolution experience for students of ALLEN and Doubtnut. Consumer trust in Doubtnut’s platform is reflected in its monthly reach of 32 million students across digital apps, websites and YouTube channels. ALLEN will bring its enriched curriculum and academic offerings to Doubtnut’s student base and cater to their needs for a better education
Mr. Nitin Kukreja, CEO of Allen stated, “Timely and effective resolution of doubts is a core consumer need in education. Doubtnut’s platform will allow us to greatly enhance the learning experience for our students. We are also excited by the prospects of offering ALLEN’s high quality academic products to a wider audience.”
Aditya Shankar, Co-founder of Doubtnut said, “Doubtnut’s mission is to bring education to every student across India using technology and high-quality content. We have worked towards this vision over the last 6 years, gaining immense consumer love during this journey. We resonate with ALLEN’s vision of creating technology products that are focused on improving learning outcomes. Our team is excited to join ALLEN to create the learning platform of the future.”
EY acted as the exclusive financial advisor to Allen and Trilegal acted as the legal advisor. TTA acted as the legal advisor to Doubtnut, Aeka Advisors acted as Tax advisor to Doubtnut.
Allen continues to strengthen its focus on building a world class technology team. It has hired professionals leading global and Indian consumer tech companies such as Amazon, Google, Meta, Flipkart, Samsung, Twitter, and others taking its technology and product teams based in Bengaluru to more than 120.