Edtech Startup Teachmint Raises $20 Million In Pre-Series B Funding
Teachmint, a Bengaluru-based online teaching platform, has raised $20 million in a Pre-Series B round. The funding round was led by Learn Capital with participation from CM Ventures.
As per the startup, the funding amount will power its continued focus on the development of live teaching technology and aid the enhancement of its product. Additionally, it will also fuel Teachmint’s expansion into newer markets and the hiring of skilled talent.
Founded by Mihir Gupta, Divyansh Bordia, Anshuman Kumar, and Payoj Jain in 2020, Edtech startup Teachmint is an all-in-one online teaching platform combining student engagement tools, live classes, and other classroom facilitating features. The Edtech startup offers a mobile and video-first teaching platform helping teachers digitise their classrooms.
Talking about the development, Mihir Gupta, Co-founder of Teachmint, said,
“Over the past year, we have brought together some of the top minds in product and engineering to address the big technology-infrastructure gap in teaching and learning through our proprietary platform. Our mission is to empower every teacher through technology and significantly transform the learning impact for students across the globe. We are excited to have continued support of Learn Capital and CM Ventures in this mission.”
With this funding round, Teachmint became the fastest EdTech startup in India to raise $40 million. Recently, Teachmint raised $16.5 million in Series A funding. Furthermore, the Bengaluru-based online teaching platform has also seen a 3x jump in its valuation in just two months.
Teachmint is now has been ranked as the #1 top free education app on Google Play Store. Mihir also added that the usage of Teachmint grew 25x over the last quarter and is becoming the default teaching application in India and the largest live teaching platform globally, outside China.
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