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Miguel Cordon · · 1 min readIndian online teaching app banks $20m in pre-series B round
Teachmint, an India-based platform for live teaching, has raised US$20 million in its latest round, marking its fourth round of investments within 12 months of its launch.
More funding details
- Lead investor: Learn Capital
- Other investor: CM Ventures
- Stage: Pre-series B
More company updates
- Teachmint, which was launched in May last year, will use the funds to further develop its technology, fuel its expansion into newer markets, and make new hires.
- Its CEO and co-founder Mihir Gupta said that Teachmint’s platform has seen a 25x growth in usage over the last quarter and is on track to become the largest live teaching platform worldwide, excluding China.
- On the heels of hitting these milestones, the startup launched Teachmint for Institute, a platform for educational institutions to conduct and monitor online classes.
- Another Indian edtech firm that’s looking to grow its presence outside the country is upGrad, which had about 1 million learners in over 50 countries on its platform as of April this year. (Read: Indian edtech startup hopes to shake up lifelong learning in Southeast Asia)
- UpGrad announced yesterday that it set aside US$250 million for mergers and acquisitions that it plans to make over the next seven to nine months. It will focus on short-form learning startups and tap potential markets such as Africa, Indonesia, and Vietnam.
For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.
Editing by Collin Furtado and Jaclyn Tiu
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