BYJU'S backer Lightspeed India invests in a live tutoring platform Teachmint
- Teachmint, a live tutoring platform, has raised $3.5 million – its second investment in the last two months.
- The startup was launched in May 2020, just as the coronavirus lockdown brought in a wave of online learning.
- Teachmint helps teachers to digitize their classes as a mobile-first, video-first platform.
AdvertisementTeachmint, a live tutoring platform, has raised $3.5 million from Lightspeed India and its existing investors Better Capital and Titan Capital (the VC firm founded by Snapdeal founders Kunal Bahl and Rohit Bansal). Interestingly, Lightspeed India has invested in this platform even as the VC firm backs India’s biggest edtech startup BYJU’S.
This is also the second funding that this five-month old startup has received in less than two months.
Teachmint helps teachers to digitize their classes as a mobile-first, video-first platform. With a focus on regional customization, the startup is already present in 10 languages.
The startup was launched in May 2020, just as the coronavirus lockdown brought in a wave of online learning. The startup was founded by IIT Delhi and IIT Mumbai graduates Mihir Gupta, Payoj Jain, Divyansh Bordia and Anshuman Kumar, who have earlier worked at startups like OYO, Swiggy etc.
“Teachers are at the center of a great education experience, and this is what will truly unleash the power of EdTech.Our mission is to enable millions of outstanding tutors in India to take their classes online by leveraging Teachmint as their tech backbone,” said Mihir Gupta, Co-founder & CEO at Teachmint.
|120,000 tutors||1,000 cities|
“India’s tutoring and coaching market is estimated to be over $25 billion, is fragmented into millions of tutors and coaching centers, and Teachmint is ideally placed to not just enable this market but potentially expand it further,” said Harsha Kumar, Partner at Lightspeed India.
'India can provide teachers to the world, just like software engineers,' says Byju Raveendran as he plans to take his $11 billion edtech startup to US shores
Popular on BI
- Coffee Maker - Best coffee machine for home in India
- Although FII flows have reversed, retail investor confidence remains low thanks to macro concerns
- Brain-dead woman's organs save four lives
- Goa hotels recorded the best occupancies and earned more too says report
- Best tech gifts for your sisters this Rakhi