Teachmint Secures $78 Million in Series B from Vulcan Capital and

Teachmint, a provider of educational infrastructure, has raised $78 million in Series B funding organized by Vulcan Capital and Goodwater Capital and Epiq Capital also joined the company's cap table in this round.

Existing investors Lightspeed India, Better Capital, Learn Capital and CM Ventures have increased their stakes in the company's fifth round of funding.
The new round brings the company's total funding to $118 million. Teachmint plans to use the new funding to improve its proprietary classroom technology and expand into globally.

Co-founder & CEO of Teachmint, Mihir Gupta said, “Since inception, we have been laser-focused on addressing the big technology-infrastructure gap that exists in education. From supporting individual teachers to powering K-12 schools, coaching institutes, colleges, universities and even EdTechs, we are disrupting technology penetration in education at an unprecedented pace.”

The ‘ed-infra’ startup has rapidly expanded to a user-base of over 10 million people in India and hopes to increase this to over 100 million users globally in the near future. Teachmint will also substantially focus on increasing its teams and employing competent personnel, notably across product, technology and design to achieve their goal. In the next six months, the company wants to increase its personnel and launch its largest ESOP buyback scheme to reward and recognise its employees' contributions.

Teachmint has expanded its ed-infra capabilities with products such as Teachmint for Institute and Education Video-as-a-Service, in addition to the continuous growth of its mobile-first teaching platform. Teachmint is the sole solution catering to end-to-end infrastructure needs of educators, from K-12 schools to after-school tutoring, colleges, and even edtechs, with adoption from more than 4,000 educational establishments in India and several international edtech partnerships.

Madhu Shalini Iyer, Partner, said, “Teachmint has addressed a latent technology problem in the education sector and are well positioned to scale their offering globally. Strong leadership combined with the passion and conviction to solve this, makes us a strong believer. We are glad to be on this rocket-ship.”

Teachmint is also considering a few strategic acquisitions to bolster its infrastructure offering in the near future. Teachmint is constantly seeking partnerships with players who are pioneering in education technology infrastructure and want to scale their products using Teachmint’s platform.

Vivek Subramanian, Partner, Goodwater Capital underlines, “Teachmint has differentiated itself with a focus on building an integrated classroom toolkit that is mobile-first and video-first. They are already among the fastest growing Ed tech companies and have the potential to make a lasting impact on how education is delivered and consumed globally. We are excited to be a part of this journey”.

Teachmint raised $20 million in a Pre-Series B investment headed by Learn Capital and CM Ventures in July 2021. Learn Capital led a $16.5 million Series A round in May 2021, with participation from CM Ventures, Lightspeed, and Better Capital.