Complete SWOT Analysis of Doubtnut – An Indian Educational App

(Doubtnut Android Application, Source: Inc42)

Products & Services by Doubtnut

• Doubt Solving
• Online Classes
• Quiz
• Exams 
• Study Materials
• Books & PDF

Competitors of Doubtnut

Doubtnut faces stiff competition from other e-learning platforms namely:

• Byju’s
• Doubtnut
• Meritnation
• Unacademy
• Brainly
• Toppr

Now we have a clear idea of Doubtnut’s core business, let us now dive into the SWOT Analysis of Doubtnut.

SWOT Analysis of Doubtnut

A SWOT Analysis is a summary of a company’s strengths, weaknesses, opportunities, and threats. This method allows an organization to get a clear picture of its current market position and compare its performance to its competitors.

To better understand the SWOT analysis of Doubtnut, refer to the infographic below:

Now first let’s begin with the strengths of the company from the SWOT analysis of Doubtnut.

Strengths of Doubtnut

These are the places where Doubtnut is the best in its class. Places that can be used as a foundation for building new policies to better strengthen the position of the company in the market.

• Brand Awareness and Recognition: Doubtnut is surely one of the most recognized brands in India and especially among students. It’s a go-to tool for students for clearing their doubts.
• Brand Portfolio: The diverse brand portfolio has enabled Doubtnut to target various segments in the Indian e-learning market thus enabling it to earn good profit.
• Strong Relationships with Suppliers: Suppliers in this case are the teachers. Doubtnut has very good relationships with top professionals in India thus ensuring quality education to its students
• Successful Market Record: Many students have shared testimony of how innovative doubt solving by Doubtnut has helped them in their preparation for exams. This ensures a good market track record.
• Good Domestic Market: Indian e-learning market is growing faster than ever. Doubtnut being one of few companies that laid the foundation of this market enjoys benefits from this.

• Frequent Innovation: Starting with the K12 segment in 2016 on the internet reaching towards launching mobile applications for all the segments. All is possible due to the fast pace of the development of innovation and Doubtnut adopting those facilities at its best.

Wait a Minute. You might be thinking that what kind of development of innovation does Doubtnut adopt? Well, the answer is, Doubtnut transformed with changing digital marketing needs. Digital marketing up-gradation is very quick such as the latest WordPress themes & plugins, upgraded content strategy, SEO techniques, the latest ad designing, app optimization etc. are all part of development in innovation which Doubtnut followed. 

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Weaknesses of Doubtnut

Weaknesses are the loopholes where special emphasis is required to overcome the shortcomings and ensure the growth of the company. The major shortcomings of Doubtnut are as follow:

• Low Return on Investment: Even though Doubtnut has a stable balance sheet, their return on investments or the profit in comparison to the capital invested is still less.
• Lack of Workforce Diversity: Doubtnut is not diverse enough given the fact that most of its growth has been its domestic market so far.
• Multilingual Support: India is a multilingual country and people speak different languages here. This is the area Doubtnut really needs to work on to stand out in the market. It could seriously increase the market penetration of Doubtnut.
• Poor Implementation of Technology in Progress: Doubtnut still needs to harness the power of technology it possesses in order to compete efficiently in the market.

Opportunities for Doubtnut

These are the areas that hold the key to the future for a company. Places where a company can focus in order to ensure long-term growth.

• Artificial Intelligence: With the help of Artificial Intelligence (AI) Doubtnut can predict student demand in a more comprehensive way. It can also use AI to further enhance the quality of education
• Adjacent Markets: Doubtnut can explore the strategies of the company in the adjacent market to further enhance its growth by bringing in new features to its existing range of products and services.
• Entering in International Markets: Globalization along with digital marketing and social media can decrease the cost of market entry and marketing in foreign countries. Digital marketing can help this company do wonders in the international market and a strong case for itself at the global stage 
• E-commerce Business Model: Doubtnut could use this business model to tie up with local institutes to further boost its network. Byju’s, Doubtnut’s close competitor has already done this with Aakash Institutes boosting its network and consumer base. Doubtnut could do something similar in order to strengthen its position in the market.

Threats to Doubtnut

There are certain roadblocks that could hamper the growth of the company not necessarily in the present but in the future. Management should be prepared to face such threats and counter them efficiently.

• Privacy of Data: As the Doubtnut education system works online it can increase the chances of threats from hackers and affect the privacy of data.
• Competitors: Doubtnut competitors like Byju’s, unacademy, toppr etc are grabbing the Indian education market very quickly. This is always a threat for Doubtnut to sustain its position in the market.
• Fear of Acquisition: Byju’s and Unacademy are reportedly in talks with each other to acquire Doubtnut for nearly $125 Million.

This ends our complete SWOT analysis of Doubtnut. Let us conclude our learning below.