EdTech Start-Up Teachmint Grabs $78 Million Investment in Series B Funding

October 26, 2021 | 2 minutes read

The EdTech Start-Up Teachmint bags $78 Million in series B funding from Rocket VC and Vulcan Capital.

The Indian EdTech start-up Teachmint successfully gathered $78 million in the latest round of series B funding. Thus, raising the value of the startup to $500 million Tech in Asia reported.

The Series B funding round was led by investors  Rocketship.vc and Vulcan Capital. This round of investment also witnessed the participation of new investors such as Goodwater Capital and Epiq Capital.

Launched in 2020, by Mihir Gupta, Payoj Jain, Divyansh Bordia, and Anshuman Kumar, the EdTech startup is mobile and video-first teaching platform. That is built exclusively to aid teachers in digitizing their classrooms. Interestingly, this start-up began just weeks after the pandemic broke has now mopped $118 Mn within a year of its inception. 

The startup is also looking for a few strategic acquisitions shortly to robust its infrastructure offering. Right now, the startup offers educational institutions a platform to monitor and conduct all their online classes and institute activities. Such as automating attendance, fees collection, and performance assessment to recording and storing lectures. It is further developing what it calls the “ed-infra” for teachers in India to aid them in taking online classes and build better engagement with students virtually, assign them tasks, and conduct attendance.

The growing and maturing EdTech industry,  is changing the ways we learn. Many EdTech startups via EdTech mobile apps and software are creating new and innovative ways for students to learn and teachers to teach. In short, giving educational institutions the facility to provide maximum knowledge to their students with the exhaustion of least resources. Because of these facilities dispensed by educational software and apps, the EdTech market is expected to grow at an exponential rate. As,  according to the analysts of Goldman Sachs the market is estimated to reach $404 billion by 2025.

Furthermore,  the  EdTech startup said it will utilize the fresh capital to hire talent across product, technology, and design roles and will soon give its employees its biggest stock buyback option.

 

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