Edtech Startup Teachmint Raises $16.5 Million In Series A Funding
Teachmint, a Bengaluru-based edtech startup, has raised $16.5 million in Series A funding led by Learn Capital with participation from existing investors Lightspeed and Better Capital, along with CM Ventures.
As per the startup, it will use these funds for hiring top talent, R&D on teaching technology, strategic acquisitions and further market expansion.
Started by Mihir Gupta, Anshuman Kumar, Divyansh Bordia, and Payoj Jain in 2020, Teachmint is an all-in-one education technology platform combining live classes, student engagement tools as well as various other classroom facilitating features.
Talking about the platform, Mihir Gupta, Co-founder of Teachmint, said,
“When the pandemic broke, teachers were struggling with several tools including Google Meet, Zoom and even YouTube/Facebook Live to teach online. They were using additional tools like Google Forms for tests and WhatsApp for communication. It was a difficult and disconnected experience for most teachers as none of these tools were productised for teaching. That’s when we decided to build a mobile-first video-first solution specifically for teaching.”
Mihir Gupta claimed that more than 700,000 teachers from over 1,500 cities and towns have signed up on the platform in less than ten months since the launch of Teachmint’s product.
As per a recent report published by transaction advisory firm RBSA Advisors, the Indian edtech industry is projected to become a $30 billion industry by 2032.
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