Microsoft Investing In India’s Teachmint Post Capitalsinghtechcrunch Deal

Indian Teachmint Learn Capitalsinghtechcrunch -Teachmint, one such startup helping teachers and institutes create virtual classrooms with a few taps on their smartphones and build direct relationships with students, has raised $78 million in its Series B financing round.

Indian Teachmint Learn Capitalsinghtechcrunch

An Indian firm founded in the outcome of the global pandemic last year announced on Tuesday that it had completed its third funding round.

allowing hundreds of thousands of teachers in the world’s second-largest internet market to deliver classes online and serve their students.

Teachmint, based in Bangalore, said today that it had raised $16.5 million in its Series A funding round. Learn Capital led the funding round.

Teachmint allows educators to offer online classes using an app on their iPhone, Android smartphone, or the web. In addition, the business has created an all-in-one tool that allows teachers, among other things, to start a live class, conduct doubt-clearing sessions, take attendance, conduct webinars, collect fees, locate new students, and offer help via phone calls, and take tests.

What Is Teachmint

Teachmint, a one-year-old business, hopes to empower teachers to construct virtual classrooms with a few smartphone taps.

The startup, which began its journey during the epidemic, has created a mobile-first, video-first software infrastructure to assist teachers in taking online classes, engaging with students electronically, assigning work, tracking attendance, and collecting fees.

Teachmint is a startup in education infrastructure that developed the Integrated School Platform, an all-in-one school digitization solution. Our flagship product provides a one-stop solution for every school stakeholder.

combining admin administration capabilities and boosting teaching-learning infrastructure with driving student engagement and delivering great digital content. Our technological integration can assist school leaders in unlocking the full potential of their schools and bringing out the best in teachers, students, and even parents. Teachmint will bring out the best in all of your stakeholders!

Teachers using Teachmint can also establish public links to their classrooms and publish them on Facebook and other sites to increase dissemination.

Students are also not required to transcribe the entire session. Instead, Teachmint delivers the notes that professors review with students in real-time during their classes. This eliminates the need for “teachers to recreate their notes.”

The Advantages of Using Teachmint

Teachmint’s Integrated School Platform provides the ideal balance of solutions for instructors, students, parents, and administrators. It combines teaching and learning tools (learning management systems and digital content offerings) with school administration tools such as ERP to streamline a school’s operations.

Teachmint Learn Capital

Teachmint today has raised $16.5 million in its Series A financing round. Learn Capital led the round, the San Francisco Bay Area-based venture capital firm specializing in technology companies and has invested in some of the world’s most promising online learning enterprises, including Coursera, Udemy, Nerdy, Minerva, and Brainly.

“It was clear from our first meeting with Teachmint’s co-founders several months ago that their collective team had meticulously architected an end-to-end, multi-modal, and best-in-class solution enabling teachers in India to instantly and seamlessly digitize their classrooms,” Learn Capital partner.” As a result, with over 700,000 teachers.

Teachmint has become India’s top online education platform,” Learn Capital.

adding that Teachmint would eventually expand its offering beyond India.

Gupta stated that Teachmint is not currently monetizing its product and does not intend to do so shortly because the company focuses on reaching more teachers in India and expanding its offerings.

He claims that because Teachmint has limited marketing resources, most teachers learned about it via their colleagues.

Indian Teachmint 20m

While most Indian education technology businesses focus on expanding their catalog with live and recorded courses for students.

others are beginning to take a different approach to compete in the South Asian country’s enormous education industry.

Teachmint, a one-year-old business, hopes to empower teachers to construct virtual classrooms with a few smartphone taps.

The startup, which began its journey during the epidemic, has created a mobile-first, video-first software infrastructure to assist teachers in taking online classes, engaging with students electronically, assigning work, tracking attendance, and collecting fees.

Teachmint’s service has now attracted over 1 million teachers from over 5,000 Indian cities, and utilization is increasing at a rate of more than 100% each month.

according to Mihir Gupta, co-founder, and CEO of Teachmint.

According to him, students watched over 25 million live classes on Teachmint last month. So obviously, investors are paying notice as well.

The startup announced on Thursday that it had raised $20 million in a new investment led by Learn Capital and with participation from CM Ventures. The Pre-Series B funding comes less than two months after the business concluded its $16.5 million Series A round.

Aside from adopting a unique approach to the education industry in India, where over 250 million pupils attend school.

another important differentiator for Teachmint is its in-house expertise with tech infrastructure.

Zoom and Google Meet are excellent services for talking to people.

Zoom and Google Meet are excellent services for conversation with people. But they are not fundamentally designed to solve the needs of teachers and students,” said Gupta.

By not relying on other tech providers, Teachmint, which counts Lightspeed India Partners and Better Capital among its investors, has optimized its offerings more aggressively.

Through its proprietary approach, Teachmint said it could significantly control and improve the interactiveness in these classrooms. He said that having in-house technology offers also helps the startup spend only a fraction on each class.

“We have created a new category altogether. Teachers can download the Teachmint app and create their first classroom within minutes. This ease of classroom digitization didn’t exist before Teachmint,” he said, adding that more than 75% of teachers on the platform use their smartphones to conduct classes.

Teachers on Teachmint can also create public classroom links and share them on Facebook and other platforms to develop additional distribution channels.

Students also don’t need to jot down the entire session. Teachmint delivers the notes that teachers go through during their classes in real-time with students. This way, “teachers also don’t have to recreate their notes

How Many Languages Are There In Indian Teachmint

The app, which supports 10 Indian languages (in addition to English), is just 14 megabytes and consistently ranks at — or among — the top education apps in Play Store in India.

On Thursday, the startup declared a new product serving schools and colleges. The product, called Teachmint for Institute, offers educational institutes a platform to conduct and monitor all their online classes and institute activities.

The development of this new category came after Teachmint, which consults with many teachers for building products and new features, learned that schools were struggling to collect fees from students amid the pandemic since these institutions were not able to continue their offerings in a structured way.

Teachmint, An Edtech Startup, Has Laid Off 45 Employees As Part Of A Restructuring

Bengaluru-based ed-tech startup Teachmint laid off 45 employees or around 5% of its staff, and sources told Inc42. The sources added that the laid-off employees were from the sales and operations teams. The startup offered a severance package of three months and prolonged the health treatment for the impacted employees. It would also speed up the conferring of ESOPs for the affected employees. Besides, the laid-off employees can also apply for different roles within the organization, the sources said.

Teachmint confirmed the layoffs with Inc42 in a statement. “To build long-term efficiencies and address dismissals, we have restructured some teams. As a result, unfortunately, some roles have been wedged. The wedged employees have informed in advance, and we support them to the maximum extent possible.”

The layoffs came almost a year after the tech startup raised $78 Mn in a Series B round led by new investors Rocketship. Vc and Vulcan Capital. The round, which valued the startup at $500 Mn, also saw participation from Lightspeed India Partners, Learn Capital, CM Ventures, and Better Capital, among others.

Before that, the startup had raised $20 Mn in its pre-Series B round led by Learn Capital. Teachmint has raised $118 Mn in total to date.

Founded in 2020 by Mihir Gupta, Payoj Jain, Divyansh Bordia, and Anshuman Kumar, Teachmint is a mobile and video-first teaching platform built exclusively to help teachers digitize their classrooms. Its offerings help teachers conduct live classes, record and store lectures, chart out course structures, automate performance assessments, maintain smooth administration workflow, and collect fees.

Conclusion

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