The turn of events at the edtech startup is a cautionary tale of a bull market, misaligned incentives to founders and a flawed sales process.
Here’s the most important thing you need to know about Teachmint: It could be the next edtech startup to implode. But before getting to the how, let me tell you why it is important.
This Bengaluru-based startup was founded by IITians Mihir Gupta, Payoj Jain, Divyansh Bordia and Anshuman Kumar in May 2020 as a platform to digitize education. It rode the COVID-19 wave, raised $118 million within 18 months and became one of the fastest-growing startups in India, with a valuation of $500 million. Buoyed by the reception, Teachmint started scaling in multiple directions. It expanded overseas and acquired …
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
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