Indian edtech Teachmint valued at $500 million in $78 million funding – TechCrunch

As scores of Indian on-line startups broaden their catalogs with dwell and recorded programs for college kids, a handful of new-age startups are starting to discover totally different approaches to serve the market.

Teachmint, one such startup that’s serving to academics create their very own digital school rooms with a number of faucets on their smartphones, has raised $78 million in its Collection B financing spherical, TechCrunch has discovered and confirmed.

Rocketship.vc and Vulcan Capital co-led the brand new spherical, the startup mentioned on Monday. The brand new spherical valued the one-a-half-year-old Indian edtech agency at $500 million, based on two folks aware of the matter.

Mihir Gupta, co-founder and chief government of Teachmint, confirmed the dimensions of the brand new funding spherical, however declined to touch upon the valuation.

The brand new funding comes months after the startup was approached by one of many two Indian edtech giants that provided the startup a $400 million acquisition worth, based on three sources aware of the matter. Teachmint declined the provide.

It is a growing story. Extra to observe…