Doubtbox raised funding from Brand Capital
Kerala-based ed-tech start-up, Doubtbox, raised an undisclosed amount of funding from Brand Capital, the strategic investment arm of The Times Group. Doubtbox is a learning platform, which offers a different learning experience for the students of Class 1th-12th, and by using “Doubtbox Interactive Digital Multimedia Content” students can revise the lessons, which they have learned at schools. The company has around 8,000 animated topics, which covers entire CBSE and ICSE syllabus for the students.
The products of Doubtbox are affordable when compared to other e-learning platforms. The price for Doubtbox’s Educational Pen Drive starts from ₹2750 per year and the Educational Tablets are priced at just ₹13,750. The company aims to use the fund for branding in order to compete with other e-learning companies like Byju’s, Toppr, Vedantu, Meritnation, etc. Ed-tech market is on a growth trajectory in India and is expected to reach $2.0 billion by the end of 2021, from $0.4 billion in 2017.