The Downfall of Doubtnut

Doubtnut's potential acquisition prospects were greatly hindered by the decline of the edtech industry due to the pandemic boom coming to an end and the revelation of financial irregularities at Byju's. Additionally, Chegg, a similar edtech in the US, faced difficulties as students shifted towards automated chatbots for doubt-solving, causing investors to lose interest. This trend also caught the attention of the Indian audience, undermining Doubtnut's market position. Furthermore, the Indian government's entry into the doubt-solving industry using a similar approach threatened Doubtnut's uniqueness. These challenges exposed Doubtnut's vulnerabilities and led to its acquisition by Allen, a coaching institute, at a significantly reduced value.