Bengaluru-based edtech platform Teachmint has announced that it has raised $20 million in Learn Capital led pre-series B funding round. The latest round also saw participation from CM Ventures.
The startup enables teachers to digitise their classrooms. It claims to have over 7,00,000 teachers on its platform.
Speaking on the announcement, Mihir Gupta, Co-founder and CEO of Teachmint, commented, “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.”
Mihir added, “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.”
Vinit Sukhija, Partner at Learn Capital, continued, “In just 12 months, Teachmint has blossomed from a nascent idea to the #1 ranked education app in India – an unprecedented growth narrative for an Indian edtech company. 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.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.