Teachmint, India’s largest online learning platform, raised $ 78 million in a Series B funding round led by Rocketship.VC and Vulcan Capital.
The round was attended by new investors Goodwater Capital, Epic Capital and existing investors Learn Capital, CM Ventures, Lightspeed India and Better Capital.
According to a press statement, the company plans to use the latest funds to further strengthen its proprietary classroom technology as well as expand into international markets. It plans to double its workforce over the next six months and will announce the largest ESOP buyback plan to reward and recognize your team’s contribution.
Founded in 2020 by Mihir Gupta, Pyoj Jain, Divyansh Bordia and Anshuman Kumar, Teachmint is a video-first learning platform that provides a teacher management software platform. It offers features like virtual classrooms with assignments and notes sharing, administration management, student information management and progress tracking.
With Teachmint, teachers can create public links to their classrooms and share them on Facebook and other platforms to create additional distribution channels. Students do not have to write down the entire session. The platform distributes notes that students go through during their classes in real-time with students.
Speaking about the company, Mihir Gupta, co-founder and CEO of Teachmint, said,
“From the beginning, we have focused on the huge technology-infrastructure gap that exists in education. In the last 16 months, we have been humbled by the experience of empowering teaching and learning infrastructure for millions of teachers and students. India. , Coaching institutes, colleges, universities and even Adtech, we are disrupting access to technology in education at an unprecedented pace. “
Adopted with more than 4,000 educational institutions in India and several international Adtech partners, the company’s sole objective is to increase teaching efficiency, reduce costs and increase the number of students for existing teachers. Teachmint is supporting new individuals to build an education business from scratch in domains such as K-12 tutoring, test preparation and additional courses.
Commenting on the investment, Madhu Shalini Iyer, partner at Rocketship.VC, said,
“Teachmint has solved the problem of latent technology in the education sector and is in a position to expand its offer globally. The strong leadership with the passion and determination to solve it gives us strong confidence.”
Teachmint is looking at some strategic acquisitions to strengthen its structural offering in the near future. The Bengaluru-based startup is looking for partners to innovate in the technology infrastructure in the education sector and take their products to a large scale through the Teachmint platform.
Earlier this month, the company announced a partnership with Kuala Lumpur-based Adtech startup Pandai, to provide classroom solutions to more than 5 million students in Malaysia through Teachmint’s live class technology.
In July 2021, Teachmint raised $ 20 million in a pre-Series B funding round led by Learn Capital with the participation of CM Ventures. Earlier, the LIVE online teaching platform raised $ 16.5 million in May this year as part of a series A funding round of Learn Capital, CM Ventures and existing investors Lightspeed India Partners and Better Capital. The startup’s latest funding has brought its total funding to 8 118 million, making it the fastest-growing capital for Indian startups in the education sector.
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