Allen Career Institute announced that it has acquired Doubtnut, an AI-powered decision-making platform. The Doubtnut team will continue to work hard to create the best doubt-solving experience designed for Allen and the students who connect with Doubtnut. The correct and effective resolution of doubts is a fundamental requirement for consumers in education.
Doubtnut's platform enables you to enhance the learning experience for students. We are excited about the prospect of making Allen's educational products available to a wider audience,” Allen CEO Nitin Kukreja said in a statement. This strategic initiative is consistent with the goal of strengthening Allen’s academic support and outreach.
The institute added that Allen will provide Doubtnut's student base with a curriculum and educational offerings to meet their needs for a better education. Doubtnut's mission is to provide education to all students across India using high-quality content and technology. We have been working on this vision for the last six years and have collected a lot of love from customers on this journey. "We share Allen's vision of creating technology products focused on improving learning outcomes," said Aditya Shankar, founder of Doubtnut.
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, the institute shared. In order to strengthen its focus on building a world-class technology team, Allen has hired professionals from 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.
