EXCLUSIVE | Teachmint has completed its third acquisition this month and it’s all part of its international play
Teachminthas now acquired video engagement platform Airlearn for an undisclosed amount.
- It had raised capital from Rocketship.vc and Vulcan Capital in October, at a valuation of $500 million.
- It has also launched its core teaching solutions across 30 countries in Southeast Asia and the Middle East.
With this acquisition, the entire team at Airlearn will become a part of Teachmint’s Teachstack. Airlearn’s cofounders Awadhesh Kumar and Somveer Payal are taking up critical roles as the direct of product and director of engineering, respectively.
“Video talent is really rare, especially in India, where not a lot of people carry that expertise. The Airlearn team had that depth of operating in the same space,” Mihir Gupta, founder and chief executive of Teachmint told Business Insider.
AdvertisementThis is the third acquisition made by Teachmint this month.
Prior to this, it acquired course selling platform Teachmore and acqui-hired the Indian arm of Singapore-based Teachee. Both these companies enable teachers and educators to sell their educational products such as online classes.
Mihir Gupta, the founder and chief executive of Teachmint, told Business Insider that acquisition of Teachmore and Airlearn has been to acquire the expertise of the team and the experience they bring in.
The financial details of these transactions have not been disclosed.
This is the first step to the company’s international expansion even though the acquired companies are based in India. Teachmint is currently working on building the right product market fit before we get deeper into our international markets, Gupta explained.
Teachmint enables teachers to conduct online classes through a two-way interactive learning solution that allows video sharing and more. It also offers a tutoring management software-as-a-service (SaaS) to help teachers mark attendance, conduct tests, create virtual classrooms and more.
AdvertisementIt has also launched its core teaching solutions across 30 countries in Southeast Asia and Middle East — comprising Indonesia, Thailand, Vietnam, UAE and Saudi Arabia. The company is currently focusing on organic growth in the international markets for now, but will plan out the next steps based on the initial response of the customers.
The platform is used by individual teachers, schools, universities and other edtech platforms. However, the product is free for individual teachers and solopreneurs. Its solutions for enterprises like school, colleges and other mass online classes need to be paid for and offers several features — including attendance features, online quizzes, fee collection, records and stores lectures, among others.
Teachmint has been able to cater to 10 million users, 4000 educational institutes across 5000 Indian cities and towns. It aims to reach 100 millions users — teachers, students and enterprises — as it expands further.
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