Education infrastructure startup Teachmint on Monday announced that it has raised $78 million in Series B round led by Rocketship.vc and Vulcan Capital. This round also saw new investors, Goodwater Capital and Epiq Capital, pitch in.
The new round brings the 16 month-old startup’s total fundraise to $118 million, making it the fastest such capital raise for an Indian startup in the education space. The ‘ed-infra’ startup has rapidly grown to a user-base of over 10 million users in India and aims to scale this to over 100 million users globally in the near term.
Mihir Gupta, Co-founder and CEO at Teachmint said, “Since inception, we have been laser-focused on addressing the big technology-infrastructure gap that exists in education. Over the past 16 months, we have been humbled by the experience of powering the teaching and learning infrastructure for millions of teachers and students across India.
Madhu Shalini Iyer, Partner, Rocketship.vc commented, “Teachmint has addressed a latent technology problem in the education sector and is well-positioned to scale their offering globally. Strong leadership combined with the passion and conviction to solve this, makes us strong believers. We are glad to be on this rocket-ship.”