Bengaluru based Teachmint in talks to acquire Ed-tech platform Teachmore
- ByTejika Bajaj | December 14, 2021
The Bengaluru based ed-tech startup Teachmint is all set to acquire the Vadodara based education platform Teachmore in an attempt to expand its product offerings. The people aware of the development revealed that the two ed-tech startups are at the final stage of the deal and the acquisition would come underway within the next few days.
Teachmore is a course-selling platform which enables teachers to build and sell educational products like online courses, live classes, quizzes and more. It helps teachers create an Android e-learning app without coding; it also allows its customers to accept payments for selling courses from over 130 international currencies through Stripe Connect credit card processing or Paypal. The three-year-old startup claims it doesn’t charge any transaction fees.
The development comes almost two months after Teachmint bagged $78 Mn in a Series B funding round led by new investors Rocketship.vc and Vulcan Capital. During its Series B round, the startup also added Goodwater Capital and Epiq Capital to its captable.
The recent acquisition would allow the ed-tech startups to constructively use its synergies towards acquiring a greater user base given the massive competition in the online education segment with the entry of giants like Byjus and upGrad.
Teachmint offers a mobile-first video-first experience that enables teachers to create a digital persona of every classroom out there. The venture was initiated to address the big technology-infrastructure gap in teaching and learning. The sole aim of the startup is to significantly increase teaching efficiency, reduce costs and increase the student base for existing teachers. In addition to existing teachers, Teachmint is supporting new individuals to create teaching businesses from scratch across domains like K-12 tutoring, test prep and extra-curricular learning.
Follow Startup Story
Related Posts
