Teachmint, an easy to use platform for tutors to conduct unlimited live classes and manage their classrooms has announced that it has raised $3.5 million in seed funding led by Lightspeed India. Existing investors Better Capital and Titan Capital also participated in the funding round.
Founded in early 2020 by Anshuman Kumar, Divyansh Bordia, Mihir Gupta and Payoj Jain, Teachmint claims it has more than 120,000 tutors spread across 1,000 cities on its platform. Teachmint offers a mobile and video-first solution to offline tutors to take classes online, along with tools to evaluate student performance and other workflows.
“Our mission is to enable millions of outstanding tutors in India to take their classes online by leveraging Teachmint as their tech backbone,” said cofounder and CEO Mihir Gupta.
The startup will utilise the current financing to build out its product suite, introduce new offerings and increase its geographic reach. Its services are already available in 10 regional languages, apart from English.
“India’s tutoring and coaching market is estimated to be over $25 billion, is fragmented into millions of tutors and coaching centres, and Teachmint is ideally placed to not just enable this market but potentially expand it further,” said Harsha Kumar, Partner at Lightspeed India.
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