Edtech Startup “Doubtbox” uplifts funds from Brand Capital
“Education is what remains after one has forgotten what one has learned in school.”
Education being the most powerful weapon, should always be handled with care, dedication and consistency. As education will be your shotgun to survive and succeed in life, especially in India, where 30.3% of population is studying in school which accounts more than 31 crore of students. With such a huge amount of number of students there should be a marvelous education technology in order to make children learn effortlessly.
Doubtbox is one such educational technology startup company which make the children learn by incorporating digital content and eTutor services. The Kerala based startup company has recently received an investment from The Times Group Media House, Brand Capital. However, the amount of the investment is not disclosed yet.
Doubtbox is a stupendous learning platform, which was founded by the promoters of eTutors, and has already enrolled 5, 00, 00,000 students over the past decade.
It is said that the investor Brand Capital has donated an amount of Rs 50 crore to Rs 60 Crore, to the educational technology startup Doubtbox. According to the founder and CEO of Doubtbox Mr. Ranjith Balan, the funds will be used for the marketing and advertising of Doubtbox, so that they can surpass the existing competitor precisely Byju’s and Toppr Learning.
Meanwhile, Doubtbox is one of the India’s fast-growing Education Technology startup (Ed Start Member) of the year 2018, declared by Amazon Web Series. The “New India is the Digital India,” and hence according to a collaborative study by Google and KPMG, the online education sector is guesstimated to expand at a compounded annual growth rate (CAGR) of 52% to $1.96 billion by 2021.
As a huge population is shifting to digital, it has become essential to offer them a platform where they can consume knowledge and information digitally. Moreover, Doubtbox teaching does not intent to disunite students from their school education.
Actually, the utilization of Doubtbox starts from the end of school hours. Yes! With the help of Doubtbox interactive digital multimedia content students can revise what they have learnt in school. There are more than 8000 animated topics starting from the class 1st to 12th which shield entire CBSE and ICSE syllabus. For a better understanding of various topics, assessment module of Doubtbox enfolds more than 1.25 Lakhs syllabus oriented question bank, which is plotted to subtopic level for better analysis. With the help of LIVE teacher feature of Doubtbox, students can clear their doubts by interacting with an expert teacher, in addition to it the teacher will address student’s problem, clarify doubts and answer all the questions.
Besides, Parents/Students can choose from the club of certified teachers, as per their Location/Qualification/Teaching Experience/and Rating. However, there are various products of Doubtbox available in market such as Pen Drives, SD Cards, Tablets and Online, But active internet connection is necessary only for the LIVE Teacher Module of Doubtbox.
According to the Chief Operating Officer of Doubtbox, Reni Alphonse, this innovative concept of Doubtbox, has brought technology and the well-acclaimed “Multimedia Intelligence Learning Model” together to deliver an advance and unique learning experience for the school students. Being inspired from this indigenous creation prestigious scholars from IITs and IIMs has created the sui generis learning procedure.
India encompass 4 crore middle-class population, hence Doubtbox products are constructed in really affordable prices, in comparison to its competitors. Doubtbox Educational Pen Drive’s pricing starts from INR 2750 per year and the educational Tablet are priced at just INR 13,750. Talking about the Doubtbox’s LIVE Teacher feature, it is based on a pay-as-you-use model, it will be flexible and affordable for the parents as well. However, Doubtbox Educational Pen Drives and Tablets are merchandise exclusively in Kerala by the pre-eminent media house Malyalam Manorama.