India's fastest growing online teaching platform, Teachmint announced the acquisition of Airlearn, a video engagement platform for education businesses, in a cash-and-stock deal to expand its developer offerings.
With this acquisition, Teachmint strengthens its developer offering called Teachstack, enabling edtech companies across the globe to build state-of-the-art classroom solutions for their users, according to a press statement.
Co-founded by Awadhesh Kumar and Somveer Payal in 2020, Airlearn is empowering online education businesses to build their own customized live teaching and learning platform. With simple integration and complete customization, it helps businesses to serve their requirements and brand building. It's product is solving problems of synchronous learning and making live teaching super easy and impactful. To improve learning outcomes, it enables educators to make the session engaging and immersive.
Commenting on the acquisition, Co-founder and CEO of Teachmint, Mihir Gupta, said, "At Teachmint, we have built our own proprietary classroom technology to reimagine the infrastructure for education around the world. With this acquisition, combined with our robust proprietary technology stack, we are truly excited to make education infrastructure the next big export from India."
Gupta added that by joining hands with Airlearn, the company further expands this offering and also grows its Teachstack team with highly experienced tech and product talent.
Teachmint, started in May 2020 by Mihir Gupta, Payoj Jain, Divyansh Bordia and Anshuman Kumar - alumni of IIT Bombay and IIT Delhi, focuses on tutor-student interaction, providing mobile-first and video-first teaching platforms to assist teachers in digitizing their classrooms. The platform is used in over 5000 cities and towns across the country and has over 10 lakh teachers on its platform. It is available in over 15 Indian and worldwide languages in addition to English.
Over the last few months, Teachmint has deepened its engagements with multiple growing EdTech start-ups across Asia, including Bangladesh-based Shikho and Ostad, as well as Malaysian EdTech Pandai, the company said. Teachmint had last raised $78 million in its Series B funding round led by Rocketship.vc and Vulcan Capital in October this year. Prior to that, the online tutoring platform had raised $20 million (Rs 149.4 crore) in a pre-Series B funding round led by global edtech-focused VC firm Learn Capital in July 2021. To date, the company has raised $118 million, the statement said.