Allen Career Institute buys problem-solving platform Doubtnut in slump sale
Allen Career Institute on Monday said it has acquired artificial intelligence enabled problem-solving platform Doubtnut for an undisclosed amount.
A statement from Allen Career Institute, which is primarily an offline coaching business, said the acquisition will help the tutoring institute build on its technology-led learning solutions.
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A spokesperson for Allen Career Institute did not immediately comment on ET’s request for comment on the deal’s commercials.
Suitors for the slump sale had looked into Doubtnut for its traffic alone as it failed to scale after a point, one of the persons who evaluated the company for an acquisition told ET.
Doubtnut’s team will continue to develop the problem resolution platform for students of Allen Career Institute and Doubtnut, the statement added.
The acquired platform, the statement said, currently reaches 32 million students across digital apps, websites and YouTube. Allen Career Institute will offer its curriculum and academic offerings to Doubtnut’s student base.
“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,” said Nitin Kukreja, chief
