technology

Teachmint gets $3.5 million in seed funding led by Lightspeed India


Education technology startup Teachmint has raised $3.5 million in seed funding led by Lightspeed India, along with participation from existing investors Better Capital and Titan Capital.

Launched in May, the Bengaluru-based company said it has more than 120,000 tutors spread across 1,000 cities on its platform.

Teachmint offers a mobile and video-first solution to offline tutors to take classes online, along with tools to evaluate student performance and other workflows.

“Our mission is to enable millions of outstanding tutors in India to take their classes online by leveraging Teachmint as their tech backbone,” said cofounder and CEO Mihir Gupta.

The startup said it will utilise funds to build out its product suite, introduce new offerings and increase its geographic reach. Its services are already available in 10 regional languages, apart from English.

“India’s tutoring and coaching market is estimated to be over $25 billion, is fragmented into millions of tutors and coaching centres, and Teachmint is ideally placed to not just enable this market but potentially expand it further,” said Harsha Kumar, Partner at Lightspeed India.

Teachmint is one among a handful of new ed-tech players that are enabling offline tutors to take their classes online, a need accelerated by the Covid-19 induced lockdowns earlier this year.





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