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This is the perfect guide for knowing about Indian Teachmint Learn Capitalsinghtechcrunch. An Indian startup born out of the global pandemic. Last year announced on Tuesday that it closed its third round of funding as it enables hundreds of thousands of teachers worldwide. The second-biggest internet marketplace to deliver online classes and serve students.
What is Indian Teachmint?
Teachmint, a year-old startup, is committed to giving teachers—the power to create virtual classrooms with a few taps on their smartphones. According to the source on the website techcrunch.com
The startup, which began its journey during the pandemic, has developed what it calls mobile-first, video-first infrastructure to help teachers take classes online, connect virtually with students, give them homework to assign, carry out participation, and also collect fees.
Indian Teachmint Learn
Bangalore-based Teachmint announced today that it had raised $16.5 million in its Series A funding round. The round was led by Bay Area-based venture capital firm Learn Capital. from San Francisco, which focuses on ed-tech companies and has backed some of the world’s most promising online learning startups, including Coursera, Udemy, Nerdy, Minerva, and Brainly.
CM Ventures and existing investors Better Capital first invested in Teachmint even before the startup registered, and Lightspeed India Partners also participated in the new round, bringing the Indian startup’s previous capital raise to $20 million. According to the source on the website economictimes.indiatimes.com
Indian Teachmint Founder Techchrunch
Teachmint’s offering has already amassed more than 1 million teachers from more than 5,000 Indian cities, and usage is growing more than 100% every month, Mihir Gupta, co-founder and CEO of Teachmint, said in an interview with TechCrunch.
In the last month, he said students had taken over 25 million live courses on Teachmint. Of course, investors are also paying attention.
On Thursday, the startup announced that it had raised $20 million in a new investment led by Learn Capital and with participation from CM Ventures. The new investment, dubbed Pre-Series B, comes less than two months after the startup closed its $16.5 million Series A funding.
Aside from a different approach to addressing the education space in India, where more than 250 million students go to school, another critical feature that sets Teachmint apart is its in-house capability with technical infrastructure.
Teachmint Learn Capitalsinghtechcrunch
Teachmint helps teachers conduct lessons online through an Android smartphone, iPhone, or web app. The startup has developed an all-in-one product that allows teachers to start a live class, conduct doubt sessions, participate in attendance, conduct webinars, collect fees, and find new students, among other things, to offer support. Through phone calls. And to complete test tasks.
“When the pandemic hit, teachers struggled with multiple tools to teach online, including Google Meet, Zoom, and even YouTube/Facebook Live. They used additional tools such as Google Forms for testing and WhatsApp for communication. It was a difficult and disjointed experience for most teachers, as none of these tools was designed to be used in the classroom. That’s when we decided to create a mobile-first, video-first solution specifically for teaching,” said Mihir Gupta, co-founder, and CEO of Teachmint, in an interview with TechCrunch.
The product, available in 10 local languages, is highly localized for India’s specific needs, Gupta said.
More than 700,000 teachers from more than 1,500 cities and towns have signed up for the platform in less than ten months since the launch of the Teachmint product, Gupta said.
Indian Teachmint Learn Capitalsinghtechcrunch
“When the Learn Capital team first met with the Teachmint co-founders a few months ago, it was clear that their combined team had meticulously developed a comprehensive, multi-modal, best-in-class solution that enabled teachers in India to digitize instantly and seamlessly their classrooms,” Vinit Sukhija, a partner at Learn Capital, said in a statement.
“With more than 700,000 teachers, Teachmint has grown to become India’s leading online teaching platform,” he said, adding that Learn Capital expects Teachmint to expand its offerings outside India eventually.
Gupta said that Teachmint is currently not monetizing its product and has no plans to do so shortly as it prioritizes reaching more teachers in India and expanding its offering.
He said most teachers found out about Teachmint from friends because it had limited investment in marketing. Teachmint is open to exploring strategic acquisition opportunities with smaller startups, Gupta said.
Indian Teachmint Learn Capitalsinghtechcrunch, As most Indian edtech startups work to expand their catalogue of live and recorded courses for students, some are starting to take a dissimilar approach to tackle the South Asian nation’s vast education market.
Teachmint, a startup, aims to enable teachers to create virtual classrooms with a few taps on their smartphones.