Teachmint, an education infrastructure startup and the creator of India’s largest teaching platform, announced Monday it has raised $78 million in a Series B round led by Rocketship.vc and Vulcan Capital.

The round also saw new investors, Goodwater Capital and Epiq Capital, join the company’s cap table.

Meanwhile, existing investors Learn Capital, CM Ventures, Lightspeed India, and Better Capital continue to double down in the fifth round raised by the company.

The new round brings the 16-month-old startup’s all-time raise to $118 million, making it the fastest such capital raise for an Indian startup in the education space.

The Teachmint team

Teachmint said in a statement that it will use this fresh infusion of funds to further strengthen its proprietary classroom technology as well as to expand into international markets.

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.

To achieve this, Teachmint will also extensively focus on growing its teams and hiring skilled talent, especially across product, technology, and design.

The company plans on doubling its workforce in the next six months and will also announce its largest ESOP buyback plan to reward and recognize the contributions of its team.

In addition to the continued growth of its mobile-first teaching platform, Teachmint has also expanded its ed-infra offerings with products like Teachmint for Institute and Education Video-as-a-Service.

With adoption from 4,000+ educational institutes in India and multiple international EdTech partnerships, Teachmint today is the only solution catering to end-to-end infrastructure needs of educators; from K-12 schools to after-school tutoring to universities and even EdTechs.

Teachmint Co-founder and Chief Executive Officer Mihir Gupta said that since its inception, the group has 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. From supporting individual teachers to powering K-12 schools, coaching institutes, colleges, universities, and even EdTechs, we are disrupting technology penetration in education at an unprecedented pace,

Meanwhile, Rocketship.vc Partner Madhu Shalini Iyer said, Teachmint has addressed a latent technology problem in the education sector and is well-positioned to scale their offering globally. According to him, Teachmint is also eyeing a few strategic acquisitions in the near term to strengthen its infrastructure offering.

“The company is actively looking for partnerships with players innovating in technology infrastructure across the education ecosystem and taking their products to larger scale through Teachmint’s platform,” he said.

Goodwater Capital Partner Vivek Subramanian said that Teachmint has differentiated itself with a focus on building an integrated classroom toolkit that is mobile-first and video-first.

In July 2021, Teachmint raised $20 million in a Pre-Series B round led by Learn Capital with participation from CM Ventures. Just two months prior, in May 2021, the company raised $16.5 million in Series A funding led by Learn Capital with participation from CM Ventures, Lightspeed, and Better Capital.

Design and delivery should be the main drivers of EdTech, say learning experts at Amdon Consulting Group