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India-based edtech startup, Teachmint has raised $20 million in a Pre-Series B round led by Learn Capital with participation from CM Ventures.
Teachmint is a mobile and video-first teaching platform built exclusively to help teachers digitize their classrooms. The fresh infusion of funds will power their continued focus on the development of live teaching technology as well as aid the enhancement of their product. The funding will also fuel Teachmint’s expansion into newer markets and the hiring of skilled talent.
In May 2021, Teachmint raised $16.5 million in Series A funding led by Learn Capital with participation from CM Ventures, Lightspeed, and Better Capital. This is Teachmint’s fourth round of fundraise in roughly a year from its inception, making it the fastest EdTech startup in India to raise $40 million. With this latest round of funding, the company has also seen a 3x jump in its valuation in just two months.
Speaking on the funding, Mihir Gupta, Co-founder & CEO, Teachmint said, “It has been truly humbling to see the widespread adoption of Teachmint by teachers and students across India. With our platform usage growing 25x over the last quarter, we are becoming the default teaching application in India and the largest live teaching platform globally, outside China,”
“Over the past 1 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,” he added.
Commenting on the investment in Teachmint, Vinit Sukhija, Partner at Learn Capital said, “This market resonance is a testament to the Teachmint team’s ongoing commitment to authentically incorporating teachers’ perspectives into the company’s ever-expanding suite of market-pioneering digital teaching tools.”
“Having inaugurated its partnership with Teachmint just several months ago, Learn Capital is thrilled to now augment its partnership at this critical juncture in the company’s trajectory as it plans for exciting new product launches and international expansion,” Sukhija added.