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- Teachmint
Teachmint Valuation, Funding & Investors
Teachmint is valued at $500M as of October 2021.
Last Teachmint valuation
$500M
Series B · Oct 2021
Last Teachmint funding round
$78M
Series B · Oct 2021
Cumulative funding Teachmint raised
$118M
across 4 funding rounds
Key investors in Teachmint
Better Capital
Lightspeed India Partners
Learn Capital
CM Ventures
Goodwater Capital
Titan Capital
About Teachmint
Teachmint is a Bengaluru-headquartered SaaS provider powering over 15 million teachers and students across 100,000 K-12 schools in India with live classes, attendance tracking, and fee collection tools. The platform expanded to after-school tutoring and universities post-2020. Teachmint serves states like Maharashtra, Uttar Pradesh, and Karnataka with Android and web apps.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$500M (Oct 2021)
Teachmint Valuation
Teachmint is currently valued at $500M, based on its Series B in October 2021.
The $78M round was led by Rocketship.vc and Vulcan Capital, with participation from Epiq Capital, Learn Capital, AngelList India, Better Capital, Goodwater Capital and 2 other investors.
Teachmint valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series B | $500M |
Teachmint Funding History
Teachmint has raised a total of $118M across 4 funding rounds.
Teachmint's first fundraising round was a $4M seed round in October 2020. The most recent completed round was a $78M Series B in October 2021.
Teachmint funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series B | Rocketship.vc (lead); Vulcan Capital (lead); Epiq Capital; Learn Capital; AngelList India; Better Capital; Goodwater Capital; Lightspeed India Partners; CM Ventures | $78M | $500M | Teachmint is an Indian education infrastructure startup that provides a mobile-first, video-first platform enabling teachers to create virtual classrooms and connecting tutors with students. Founded just 16 months prior to the October 2021 funding, it had rapidly grown to over 10 million users in India, aiming to scale to 100 million globally through proprietary classroom technology, international expansion, workforce doubling, ESOP buybacks, and strategic acquisitions. On October 25, 2021, Teachmint raised $78 million in its Series B funding round, co-led by Rocketship.vc and Vulcan Capital, matching the query's specified investors including new participants Goodwater Capital and Epiq Capital, plus existing backers Learn Capital, CM Ventures, Lightspeed India Partners, and Better Capital. The post-money valuation was $500 million. This brought total funding to $118 million across five rounds, including a prior $20 million pre-Series B in July 2021 led by Learn Capital and $16.5 million Series A in May 2021. Funds were allocated to enhance classroom technology, enter international markets, hire talent in product, technology, and design, pursue partnerships in edtech infrastructure, and execute ESOP programs. Investors highlighted Teachmint's solution to latent education technology gaps and its potential for global scaling. The company positioned itself against competitors like Teacherr, ODA Class, Classplus, eduZilla, and SkoolApp in the edtech space. |
| Jul 2021 | Series B | Learn Capital (lead); CM Ventures | $20M | - | Teachmint is an Indian edtech startup founded in May 2020 that provides a mobile-first platform enabling teachers to create virtual classrooms, conduct live classes, manage attendance, assign tasks, and collect fees directly from students. The platform supports 11 vernacular languages and has expanded to offerings like Teachmint for Institutes and Education Video-as-a-Service. In July 2021, around July 7-8, Teachmint raised $20 million in a pre-Series B round led by Learn Capital with participation from CM Ventures, marking its fourth funding round in about a year and making it the fastest edtech in India to raise $40 million total at that point. The funds were earmarked for developing live teaching technology, enhancing products, expanding into new markets, and hiring skilled talent in product, engineering, and other areas. This followed a $16.5 million Series A in May 2021 also led by Learn Capital with CM Ventures, Lightspeed, and Better Capital. By this time, Teachmint reported over 1 million teachers on the platform, 25 million live classes consumed in the prior month, and 25x usage growth in the last quarter, positioning it as India's top free education app on Google Play and the largest live teaching platform globally outside China. Later in October 2021, Teachmint raised $78 million in Series B co-led by Rocketship.vc and Vulcan Capital at a $500 million valuation, with participation from Goodwater Capital, Epiq Capital, and prior investors including Learn Capital and CM Ventures, bringing total funding over $115-118 million. The company had over 10 million users and 4,000 institutes using its services, with plans for international expansion, workforce doubling, ESOP buybacks, and strategic acquisitions. It had declined a $400 million acquisition offer from an Indian edtech giant prior to Series B. |
| May 2021 | Series A | Learn Capital (lead); Better Capital; Lightspeed India Partners; CM Ventures | $17M | - | Teachmint is a Bengaluru-based edtech platform founded in May 2020 by IIT alumni Mihir Gupta, Payoj Jain, Divyansh Bordia, and Anshuman Kumar. It provides a mobile-first, video-first solution for teachers to digitize classrooms, conduct live classes, AI-based assessments, admin tools, and fee collection in 10-11 Indian languages. The platform serves private tutors, coaching operators, and freelance educators, reaching over 700,000 to 1 million teachers across 1,500 cities. In May 2021, Teachmint raised $16.5 million (Rs 123 crore) in a Series A round led by Learn Capital, with participation from CM Ventures and existing investors Lightspeed and Better Capital. This marked Learn Capital's first major lead investment in India and brought total equity raised to over $20 million. Funds were allocated for hiring talent, market expansion, R&D on teaching technology, and strategic acquisitions. The company followed this with a $20 million pre-Series B round in July 2021, also led by Learn Capital with CM Ventures, noting a 3x valuation jump in two months, making it India's fastest edtech to raise $40 million across four rounds. Later, in October 2021, Teachmint raised $78 million in Series B at a $500 million valuation, with participation from Rocketship.vc, Vulcan Capital, Goodwater Capital, Epiq Capital, and prior investors. |
| Oct 2020 | Seed | Lightspeed India Partners (lead); Better Capital; Titan Capital | $4M | - | Teachmint, an edtech platform founded in May 2020 by Mihir Gupta, Payoj Jain, Divyansh Bordia, and Anshuman Kumar, raised $3.5 million in a seed funding round on October 29, 2020, led by Lightspeed India Partners with participation from existing investors Better Capital and Titan Capital. This marked the company's second funding round following an earlier raise in August 2020. The platform enables offline tutors to digitize classrooms, conduct live online classes, manage attendance, create content, conduct tests, and reach wider student bases through a mobile-first, video-first application available in 10 regional languages plus English. Teachmint planned to use the funds to enhance its product suite, introduce new offerings, and expand geographic reach to more tutors across India. By late October 2020, the platform had over 120,000 tutors across 1,000 cities, demonstrating rapid adoption from Srinagar to Port Blair. The Indian tutoring and coaching market, estimated at over $25 billion, is highly fragmented with millions of tutors and coaching centers, positioning Teachmint to enable and potentially expand this sector. |
Who has invested in Teachmint?
10 investors have backed Teachmint across its funding rounds, including Better Capital, Lightspeed India Partners, Learn Capital, CM Ventures, Goodwater Capital and Titan Capital.
Lead investors include Rocketship.vc, Vulcan Capital, Learn Capital and Lightspeed India Partners.
Teachmint Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2021 | ||
| 3 | Participant | Oct 2020 | ||
| 3 | Lead | Oct 2020 | ||
| 3 | Participant | May 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 10 Teachmint investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Teachmint
Teachmint has acquired 4 companies to date.
Last acquisition by Teachmint was on January 28th 2022. Teachmint acquired MyClassCampus for undisclosed valuation.
Latest Acquisitions by Teachmint
| Description | MyClassCampus is an India-based school enterprise resource planning system. The platform functions as an operating system for educational institutions, managing administrative and academic operations. | Airlearn is a provider of real-time communication platforms for online education and collaboration. Based in India, the company delivers video conferencing, interactive whiteboards, and engagement tools integrated with LMS like Moodle. Serving 1,000 schools and businesses across Asia, Airlearn supports 4K streaming for 500 concurrent users. | - | Teachmore is a platform empowering course creators to develop and monetize online courses via fully branded mobile applications and websites. Its drag-and-drop builder enables non-technical users to construct custom sites featuring personalized content layouts, visual themes, tones, and branding elements. Integrated marketing tools facilitate course promotion, sales processing, and customer engagement throughout the business lifecycle. Headquartered in Gurugram, India, Teachmore supports creators in launching white-label academies with features like live classes, quizzes, and payment gateways. |
| HQ Country | ||||
| HQ City | Bangalore | Noida | - | Bangalore |
| Deal Date | 28 Jan 2022 | 29 Dec 2021 | 20 Dec 2021 | 14 Dec 2021 |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all Teachmint acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Teachmint Competitors
Teachmint competitors include listed companies like Docebo and Qibu, and private ones like Classplus, Getcourse.ru, Amplify Education and LEAD.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $243M | $26M | $594M | 2.4x | ||
| Private | $28M | - | $600M | 21.4x | ||
| Private | - | - | $600M | - | ||
| Private | - | - | $781M | - | ||
| Publicly listed | $24M | ($16M) | $307M | - | ||
| Private | - | - | $1.1B | - |
Teachmint Public Comps
Teachmint is still privately-owned, but its public comps include Gaotu Techedu, Jiangsu Chuanzhiboke, Shenzhen Fangzhi Science, Docebo, D2L, NIIT Learning Systems, Qibu, MegaStudyEdu, Tribal Group and American Public Education.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $917M | ($38M) | 0.2x | 0.2x | (4.3x) | (33.7x) | |||
| $57M | ($7M) | 8.9x | 6.3x | (67.8x) | - | |||
| $14M | $3M | 28.2x | - | 118.5x | - | |||
| $243M | $26M | 2.6x | 2.4x | 24.8x | 12.3x | |||
| $217M | $17M | 1.3x | 1.2x | 16.7x | 8.3x | |||
| $204M | $42M | 1.3x | 1.2x | 6.1x | 6.0x | |||
| $24M | ($16M) | 15.3x | - | (23.0x) | - | |||
| $644M | $139M | 0.4x | 0.4x | 2.0x | 1.9x | |||
This data is available for Pro users. Sign up to see all Teachmint competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Teachmint
| When was Teachmint founded? | Teachmint was founded in 2020. |
| Where is Teachmint headquartered? | Teachmint is headquartered in Bangalore, India. |
| Is Teachmint publicly listed? | No, Teachmint is a private, VC-backed company. |
| What is Teachmint's valuation? | Teachmint was last valued at $500M in its Series B in October 2021. |
| How much funding has Teachmint raised? | Teachmint has raised $118M across 4 funding rounds. |
| What was Teachmint's last funding round? | Teachmint's last funding round was a $78M Series B in October 2021, led by Rocketship.vc and Vulcan Capital. |
| Who are Teachmint's investors? | Teachmint's investors include Learn Capital, Better Capital, Lightspeed India Partners, CM Ventures, Epiq Capital, Rocketship.vc, AngelList India, Goodwater Capital, Vulcan Capital and Titan Capital. |
| Which companies are comparable to Teachmint? | Companies comparable to Teachmint include Docebo, Classplus, Getcourse.ru, Amplify Education, Qibu and LEAD. |
| How many companies has Teachmint acquired? | Teachmint has acquired 4 companies, including MyClassCampus, Airlearn, Teachee and Teachmore. |
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