Teachmint acqui-hires Teachee - Singapore-based startup
Teachmint, an education infrastructure startup and the creator of India’s largest teaching platform, announced that it has acqui-hired the Indian arm of edtech startup Teachee.
Teachee was launched in India in October 2020 by Vlight Technology Pte, a Singapore-based company. It Helps educators and creators sell courses online. With this, close to 20 members of Teachee’s India team are now a part of Teachmore by Teachmint, strengthening the company’s course-selling offering and enabling it’s community of millions of teachers to grow their online presence.
Teachee’s India country manager, Aakash Kasaundhan, has also joined the company as a Senior Director, leading the business growth of Teachmore by Teachmint. Teachmint recently marked its first acquisition by acquiring Teachmore in a cash plus stock deal, followed by Teachmint’s series B fundraise of $78 million in October 2021.
Commenting on Teachmint’s second and latest acquisition, Mihir Gupta, Co-founder & CEO, Teachmint, said, “We are very happy to welcome the Teachee team to the Teachmint family. This acqui-hire will aid the expansion of our course-selling offering and help deliver even more value and innovation to our teachers. With the aim of scaling our user base from 10 million to 100 million and beyond, we are laser focused on increasing our team strength and bringing the best talent onboard. This acqui-hire gives us a great boost and we are well positioned to revolutionize the growth and monetization opportunities for educators and creators.”
Aakash Kasaundhan, Senior Director, Business at Teachmore (former India country manager at Teachee), said, “Teachmint’s growth has been phenomenal and it’s inspiring to see a company build such state-of-the-art infra solutions for educators across the globe. Our team at Teachee is thrilled to join the Teachmint group and we are definitely stronger together! Despite the discontinuation of Teachee’s platform, the teams across the world created truly memorable and outstanding outcomes for thousands of creators and teachers and we are geared up to bring our experience and energy and take Teachmint to new heights.”