Online teaching platform Teachmint raised $16.5 Million in its Series A funding round which was headed by Learn Capital. Active participation was seen from existing investors like Lightspeed and Better Capital and CM ventures.
Uptill now the EdTech startup Teachmint has completed 3 rounds of its funding after its launch in May 2020. Total of more than $20 Million was raised by the company.
Teachmint will utilize its freshly raised funds to hire best talent, strategic acquisitions, research and development and to cater newer markets.
The startup Teachmint is founded by alumni of IIT Bombay and IIT Delhi with executive experience at OYO, Mckinsey, Swiggy and Roposo by Mihir Gupta, Payoj Jain, Divyansh Bordia and Anshuman Kumar. The company claims to have more than 7,00,000 teachers from 1500+ cities and towns have registered on the platform from Srinagar in Jammu and Kashmir to Port Blair in Andaman and Nicobar Islands since its inception.
Co-founder and CEO at Teachmint, Mihir Gupta said “ We established Teachmint to fill the gap between teaching and learning experience of students, teachers have gone through the learning curve to teach online through the technology of Teachmint which has significantly increased teaching efficiency, reduce costs, and increase their student base. Teachmint is supporting new individuals to create teaching businesses from scratch across domains like K-12 tutoring, test prep, and extra-curricular learning”.
“We are excited to welcome Learn Capital who have been partners to the journeys of some of the largest education companies globally. We look forward to learning from their experience across global markets. We are also thankful to CM Ventures and existing investors Lightspeed and Better Capital for their continued support towards our cause.”
Vinit Sukhija, Partner at Learn Capital, said “From the first meeting with Teachmint founders and Learn Capital team it was clear that their team had perfectly tailored an end-to-end multi-modal, and best-in-class solution enabling teachers in India to instantly and seamlessly digitize their classrooms. Now with over 700,000 teachers, Teachmint has become India’s leading online teaching platform.”