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Teachmint

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Teachmint
ISIN🆔
IndustryOnline education
Founded 📆2020
Founder 👔*Mihir Gupta
  • Payoj Jain
  • Divyansh Bordia
  • Anshuman Kumar
Headquarters 🏙️Bengaluru, Karnataka
Area served 🗺️
Members
Number of employees
🌐 Websitewww.teachmint.com
📇 Address
📞 telephone

Teachmint is an Indian online teaching platform based in Bengaluru, Karnataka.[1][2][3][4]

Background[edit]

Teachmint was founded in May 2020 by Mihir Gupta, Payoj Jain, Divyansh Bordia and Anshuman Kumar - alumni of IIT Bombay and IIT Delhi with executive experience at OYO, McKinsey & Company, Swiggy and Roposo.[5] The group is also listed in Forbes 30 under 30 Asia, 2021 for establishing the India's fastest-growing EdTech startup.[6][3] The company is reimagining the infrastructure for education through their proprietary classroom technology, which is optimized for education providers across the world, including individual teachers, schools, universities and edtech organizations.[7][8]

Teachmint is available in 15+ Indian and International languages including English, Hindi and Punjabi with 10 million+ teachers & students from 25 countries on its platform.[5][9] It crossed one million users in just one year.[10][11]

Funding and acquisition[edit]

The company has raised $118 million till date, with the latest fundraise being it's series B round in October 2021 of $78 million at a valuation of $500 million.[12] Teachmint is backed by investors such as Rocketship.vc, Vulcan Capital Management, Learn Capital, Lightspeed Venture Partners, Better Capital, Goodwater Capital and others.[13][14][3]

Teachmint has made three acquisitions with Teachmore, Teachee, and Airlearn in undisclosed amounts in cash+stock deals.[15][16]

In 2021, the company partnered with Y Combinator backed Malaysian ed-tech firm Pandai.[17][18] In the same year Teachmint also partnered with Bangladesh based company "Shikho".[19]

Awards[edit]

  • Entrepreneur Awards 2021; Winner Edtech Start-up of the Year[20]
  • Origin Innovation Awards 2021; Winner Startup - Edutech[21]

References[edit]

  1. Majumdar, Debleena; Sharma, Disha. "From Unacademy's Graphy to Teachmint, how tech platforms are driving the teacher-creator economy". The Economic Times.
  2. "Teaching with tech: Helping tutors go online". The Financial Express.
  3. 3.0 3.1 3.2 Wang, Yue. "30 Under 30 Asia: Meet The Entrepreneurs Developing New Consumer Technologies". Forbes.
  4. "CBSE announcement came at right time to beat student anxiety, confirms 95% teachers in Teachmint survey". India Today.
  5. 5.0 5.1 Hariharan, Sindhu. "Education tech infra startup Teachmint expands to 25 countries - Times of India". The Times of India.
  6. Hariharan, Sindhu. "Extracurricular learning cos catch parents, investors eyes - Times of India". The Times of India.
  7. "Teachers adopting online tutoring witness 400% average growth: Teachmint". Business Insider.
  8. "Exclusive: Edtech Teachmint Rolls Out Unique ESOP Plan". Moneycontrol.
  9. "Online classes simplified: 50,000 tutors sign up with app launched by Bengaluru based startup". The New Indian Express.
  10. V&, NARAYANAN. "Teachmint aims to double its user base in TN to 1 million in next 6 months". The Hindu Business Line.
  11. Hariharan, Sindhu. "Teachmint clocks 500% growth in daily recording of online classes in Tamil Nadu | Chennai News - Times of India". The Times of India.
  12. "16-month-old Ed Tech Firm Teachmint Valued At $500 Million". Moneycontrol.
  13. "Teachmint bags $78 million funding led by Rocketship.vc, Vulcan Capital". The Economic Times.
  14. Singh, Manish. "Indian edtech Teachmint raises $20 million to expand to new categories and geographies". TechCrunch.
  15. "Teachmint buys education business video engagement platform 'Airlearn'". The New Indian Express.
  16. "EXCLUSIVE | Teachmint has completed its third acquisition this month and it's all part of its international play". Business Insider.
  17. "Teachmint Partners with Pandai to Power Live Classes for Students in Malaysia". Pandai. 12 October 2021.
  18. "Tech in Asia - Connecting Asia's startup ecosystem". Tech in Asia.
  19. "Shikho partners with Teachmint to bring live class technology to Bangladesh". The Business Standard. 26 August 2021.
  20. "AWARDS WINNERS 2021". Entrepreneur India.
  21. "ORIGIN Innovation Awards 2021: Startup Winners - EduTech and Gaming & Esports". TechNode Global. 2 December 2021.


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