As scores of Indian online startups broaden their catalogs with live and recorded courses for students, a handful of new-age startups are beginning to explore different approaches to serve the market.
Teachmint, one such startup that is helping teachers create their own virtual classrooms with a few taps on their smartphones, has raised $78 million in its Series B financing round, TechCrunch has learned and confirmed.
Rocketship.vc and Vulcan Capital co-led the new round, the startup said on Monday. The new round values the 16-month-old Indian edtech firm at $500 million, according to two people familiar with the matter.
Mihir Gupta, co-founder and chief executive of Teachmint, confirmed the size of the new funding round in a text message, but declined to comment on the valuation.
The new investment comes months after the startup was approached by one of the two Indian edtech giants that offered the startup a $400 million acquisition price, according to three sources familiar with the matter. Teachmint declined the offer.
This is a developing story. More to follow…
