Global VC Firm Learn Capital Leads USD $16.5 Million Round in Bengaluru-Based Edtech Teachmint
The year-old company competes with startups like Teacherr, ODA Class, eduZilla, SkoolApp, and Classplus among others.
Bengaluru-based B2B edtech startup Teachmint has raised USD 16.5 million in Series A round led by Learn Capital. Moscow-based CM Ventures, and existing backers Lightspeed and Better Capital also participated in the round, the company said in a statement.
Founded by Mihir Gupta, Payoj Jain, Divyansh Bordia, and Anshuman Kumar in May 2020, when India was still under lockdown to prevent the spread of COVID-19, Teachmint has developed a mobile- and video-first software-as-a-service platform that enables tutors to digitize their classrooms. It allows them to give live lectures, engage with students, and evaluate them, among other things. Simply put, it offers end-to-end digitization of live classes, AI-powered automated assessments, administrative tools, and fee collection.
Photo courtesy of Siyavula Education.