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EdTech Startup Teachmint Raises $78 Million, Invested In Investment Ventures

Teachmint said in a press statement that the investment will be used for global expansion and to double the company’s workforce over the next 6 months

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Representative Image [Instagram]
Representative Image [Instagram]

Edtech startup Teachmint has raised $78 million in its Series B round led by Rocketship.vc and Vulcan Capital. New investors Goodwater Capital, Epiq Capital, and existing investors Learn Capital, CM Ventures, Lightspeed India and Better Capital have also participated in the round. Teachmint becomes one of the fastest edtech startups to raise $100 million with new round

Teachmint said in a press statement that the investment will be used for global expansion and to double the company’s workforce over the next 6 months. According to a report in a web portal, the valuation of Teachmint after this financing round is estimated to be around Rs 3,710 crore or around $ 500 million.

Representative Image [Instagram]

Representative Image [Instagram]

Mihir Gupta, Co-Founder and CEO, Teachmint, said, “Since inception, we have been laser-focused on bridging the large technology-infrastructure gap that exists in education. Over the past 16 months, we are overwhelmed with the experience of empowering the teaching and learning infrastructure for millions of teachers and students across India.

SaaS-based edtech startup Teachmint helps offline teachers to digitize their classes, engage with students online and reach a business base. According to the company, there are more than 500,000 tutors in over 1,200 cities and towns using Teachmint’s platform.

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