Coursera backer Learn Capital leads Series A funding in Teachmint

Teachmint Technologies Pvt Ltd, focused on tutor-student connectivity, on Tuesday said it has raised $16.5 million (Rs 123 crore) in a Series A funding round. The edtech sector has been attracting increased investor attention after the COVID-19 pandemic sparked a surge in demand for online learning platforms and solutions. Just last week, edtech firm upGrad raised $120 million (Rs 898 crore) from Singapore state investor Temasek in its first external funding. Also last week, LEAD School raised $30 million (Rs 224 crore) in its Series D round of funding led by US-based edtech investor GSV Ventures. Earlier in January, Unacademy, which joined the unicorn club of startups valued at $1 billion or more last year, said four existing investors had purchased shares worth $50 million (Rs 366 crore).