Ex-Oyo execs’ edtech firm bags $78m in series B money

Teachmint, an India-based edtech platform, has raised US$78 million in its latest round of funding.

More funding details

• Lead investors: Rocketship.vc and Vulcan Capital
• Returning investors: Learn Capital, CM Ventures, Lightspeed India, and Better Capital
• New investors: Goodwater Capital and Epiq Capital
• Stage: Series B

More company updates

• The new round pushes the total amount of funds raised by Teachmint to US$118 million.
• The edtech firm said it will use the fresh capital to develop its classroom tech, as well as to expand into international markets.
• Teachmint also said it has grown its user base to over 10 million in India, and it aims to hit over 100 million users globally in the near term.
• The startup plans to double its workforce in the next six months, and it will soon roll out its largest employee stock option plan buyback program.
• Teachmint is also eyeing acquisitions in the near future, as well as partnerships with players across the education ecosystem.
• In July, the company raised US$20 million in its pre-series B round led by Learn Capital, with participation from CM Ventures.
• Teachmint was founded by Mihir Gupta and Payoj Jain, former executives of hospitality startup Oyo; Divyansh Bordia, who previously worked at food delivery platform Swiggy; and Anshuman Kumar, who was the former head of machine learning and data engineering at video-sharing service Roposo.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.