Edtech startup Teachmint said it has raised $16.5 million in Series A funding led by Learn Capital. Existing investors Lightspeed and Better Capital also participated in the round, along with CM Ventures. The fresh infusion of capital is expected to be used for hiring talent, R&D on teaching technology, strategic acquisitions, and further market expansion.

— The Economic Times

DSK Legal advised Cayman based entity MV Opportunities India led by its transaction team comprising partner Sharath Chandrasekhar and senior associate K Aravind.

Nishith Desai Associates advised lead investor Learn Capital in the deal.

Vertices Partners acted as the legal advisors to Teachmint.

Update 22 May 2021: IndusLaw advised Lightspeed India led by a team including partner Manish Gupta with principal associate Ashish Ahluwalia, associate Rashi Singh and associate Shivam Gupta.

2021-05-19

Deal value: INR 122.8 crores (USD 16.5 million)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.