Teachmint Raises $16.5 Million to Expand Indian Online Teaching

Teachmint Secures $16.5 Million Series A Funding

A recently established Indian startup, founded following the onset of the global pandemic last year, announced on Tuesday the successful completion of its third funding round.

The company is focused on empowering educators, providing tools for online instruction to hundreds of thousands of teachers within the world’s second-largest internet market, and facilitating continued student learning.

Series A Round Details

Teachmint, headquartered in Bangalore, revealed today that it has secured $16.5 million in its Series A financing.

This funding round was spearheaded by Learn Capital, a venture capital firm based in the San Francisco Bay Area.

Learn Capital specializes in edtech investments and has previously supported prominent online learning platforms such as Coursera, Udemy, Nerdy, Minerva, and Brainly.

CM Ventures, alongside existing investors Better Capital – who provided initial funding even before the startup’s formal registration – and Lightspeed India Partners, also participated in this latest round.

This brings the total funding raised by the Indian startup to $20 million to date.

Platform Capabilities

Teachmint provides teachers with a platform to conduct online classes via an application compatible with Android smartphones, iPhones, and web browsers.

The startup has developed a comprehensive solution enabling teachers to initiate live classes, conduct doubt-clearing sessions, manage attendance, host webinars, collect payments, attract new students, provide support through phone calls, and administer assessments.

Origins and Development

“The emergence of the pandemic presented teachers with challenges in utilizing various tools like Google Meet, Zoom, and even YouTube/Facebook Live for online teaching.

Additional tools, such as Google Forms for testing and WhatsApp for communication, were often required, creating a fragmented experience.

Recognizing the need for a dedicated solution tailored for teaching, we decided to create a mobile-first, video-centric platform,” explained Mihir Gupta, co-founder and CEO of Teachmint, in a recent interview.

Gupta also highlighted that the product is available in 10 local languages and is specifically adapted to meet the unique requirements of the Indian education system.

User Growth and Market Impact

In less than 10 months since its product launch, Teachmint has attracted over 700,000 teachers from more than 1,500 cities and towns.

Investor Perspective

Vinit Sukhija, partner at Learn Capital, stated, “From our initial discussions with Teachmint’s founders, it was evident that they had meticulously designed a complete, versatile, and superior solution.

This solution empowers teachers in India to effortlessly digitize their classrooms.”

He further noted that with a user base exceeding 700,000 teachers, Teachmint has established itself as India’s leading online teaching platform.

Learn Capital anticipates that Teachmint will eventually broaden its reach beyond the Indian market.

Future Plans

Currently, Teachmint is not monetizing its platform and has no immediate plans to do so.

The company’s primary focus remains on expanding its reach to more teachers in India and enhancing its service offerings.

Gupta mentioned that the majority of teachers have discovered Teachmint through word-of-mouth referrals, with limited investment in marketing.

Teachmint is also open to considering strategic acquisition opportunities with smaller startups.