Edtech startup Teachmint raises $16.5 million in Sequence A funding spherical


On-line educating platform Teachmint on Tuesday stated it has raised USD 16.5 million (round Rs 120 crore) in a spherical led by Be taught Capital.

This funding spherical additionally witnessed participation from CM Ventures, and current traders like Lightspeed and Higher Capital, the corporate stated in a press release.

That is Teachmint’s third spherical of investments inside 10 months of its launch in Could 2020, elevating greater than USD 20 million in capital.

The ed-tech agency will use these funds for hiring high expertise, R&D on educating expertise, strategic acquisitions and additional market enlargement.

We’re excited to welcome Be taught Capital who’ve been companions to the journeys of among the largest training globally.

We look ahead to studying from their expertise throughout world markets. We’re additionally grateful to CM Ventures in addition to our current traders Lightspeed and Higher Capital for his or her continued help in the direction of our trigger, Teachmint co-founder and CEO Mihir Gupta added.

(Solely the headline and movie of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)

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