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Teachmint cofounder Mihir Gupta mentioned the corporate plans so as to add extra options to its tutoring administration SaaS platform
In addition to Lightspeed India, Higher Capital and Titan Capital have additionally invested within the newest spherical following an preliminary seed spherical in in August
The startup claims to have over 1 lakh tutors on board and follows a freemium mannequin for its reside interactive lessons and SaaS platform
Covid-19 not solely modified the on a regular basis studying expertise for college students, however has remodeled how tutors and personal lecturers go about their work. Bengaluru-based edtech startup Teachmint is seeking to capitalise on the demand from the tutor ecosystem for know-how instruments and SaaS merchandise to handle the brand new actuality.
Talking to Inc42, cofounder and CEO Mihir Gupta mentioned that Teachmint is envisioned as a one-stop answer for tutors and lecturers who’ve had to make use of Fb Reside, Google Meet or Zoom to show college students. The Bengaluru-based startup has raised $3.5 Mn in a seed spherical, led by Lightspeed India, with participation from present buyers Higher Capital and Titan Capital.
Based by Mihir Gupta, Payoj Jain, Divyansh Bordia and Anshuman Kumar in Could 2020, Teachmint allows lecturers to conduct on-line lessons via a two-way interactive studying answer with video sharing and extra. In addition to this, it provides a tutoring administration SaaS to assist lecturers mark attendance, conduct checks, create particular person school rooms and initiatives, share studying materials and extra.
The corporate plans to make use of the recent capital for product improvement, growing its attain amongst tutors, including extra options to the SaaS platform and help for extra classes of customers. Aside from English, Teachmint claims to be obtainable in 10 languages. Earlier than the most recent spherical, it had raised seed funding from Higher Capital and Titan Capital in August.
Teachmint’s product bundles interactive classroom atmosphere with a SaaS dashboard on a subscription foundation for tutors. It permits lecturers to handle their every day lessons in a extra clear method than utilizing totally different third-party instruments for every facet. The startup claims to have over 1 lakh tutors on board and is alleged for use in additional than 1,000 cities in India. Teachmint’s opponents embody different gamers equivalent to Teacherr, ODA Class, eduZilla, SkoolApp, Classplus amongst others.
“Our idea is that teachers take the front row, they come on board and try the tools and become their own brand through the unique ways of teaching and bring them online. That’s the fundamental difference between us and other edtech startups,” Teachmint’s Gupta mentioned.
The cofounder added that edtech startups like BYJU’S, Vedantu and others function in a content-first mannequin which is principally recording content material or animation which might be finally given to the scholars.
“Our company believes that it is almost impossible to eliminate the involvement of teachers,” he emphasised.
In addition to wholesome adoption and penetration for B2C edtech merchandise up to now two quarters, the digital studying wave has additionally just lately lifted prospects of B2B startups seeking to cater to establishments and lecturers. In fact, Teachmint is focusing on the trainer layer within the worth chain, whereas many different B2B merchandise are taking a look at fixing institutional challenges for faculties and universities, which have additionally attracted investor curiosity up to now few months.
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