Bengaluru-based online teaching platform Teachmint has raised $16.5 million in series A round funding led by Learn Capital.
The round also saw the participation from CM Ventures, and its existing investors Lightspeed and Better Capital.
“It will use these funds for hiring top talent, R&D on teaching technology, strategic acquisitions, and further market expansion,” the startup said.
Founded by Mihir Gupta, Payoj Jain, Divyansh Bordia, and Anshuman Kumar – alumni of IIT Bombay and IIT Delhi with executive experience at OYO, McKinsey, Swiggy, and Roposo. Teachmint is a mobile-first, video-first, teaching platform that enables teachers to seamlessly digitize their classrooms. The platform also enables ease of content delivery, enhanced student engagement, and seamless workflow tools.
Speaking on the funding, Mihir Gupta, Co-founder & CEO at Teachmint said, “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 as well as our existing investors Lightspeed and Better Capital for their continued support towards our cause.”
Commenting on the investment in Teachmint, Vinit Sukhija, Partner at Learn Capital commented, “From the Learn Capital team’s first meeting with Teachmint’s co-founders several months ago, it was clear that their collective team had meticulously architected an end-to-end, multi-modal, and best-in-class solution enabling teachers in India to instantly and seamlessly digitize their classrooms.”
“The entire Learn Capital team is grateful to have the opportunity to partner with the Teachmint team as it progresses towards the company’s vision of democratizing online education in India and beyond,” Vinit added.