Teachmint, education infrastructure platform, has announced that it has secured $78 million in the latest series B round co-led by Vulcan Capital and Rocketship.vc. The funding round also saw participation from new investors including Goodwater Capital, Epiq Capital along with existing investors
According to a statement, “Teachmint will use this fresh infusion of funds to further strengthen its proprietary classroom technology as well as to expand into international markets.”
Speaking on the announcement, Mihir Gupta, Co-founder and CEO at Teachmint, commented, “Since inception, we have been laser-focused on addressing the big technology-infrastructure gap that exists in education. Over the past 16 months, we have been humbled by the experience of powering the teaching and learning infrastructure for millions of teachers and students across India. From supporting individual teachers to powering K-12 schools, coaching institutes, colleges, universities and even EdTechs, we are disrupting technology penetration in education at an unprecedented pace.”
Madhu Shalini Iyer, Partner at Rocketship.vc, added, “Teachmint has addressed a latent technology problem in the education sector and is well-positioned to scale their offering globally. Strong leadership combined with the passion and conviction to solve this, makes us strong believers. We are glad to be on this rocket-ship.”
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.