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Teachmint, an edtech platform sponsored by Lightspeed Venture Partners, earned $100,000 (about Rs 80 lakhs) in operating revenue in FY22 (2021-22), another example of an edtech firm resting on an inflated valuation, a tendency that was widespread in 2021 but may not continue in the future.
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HOME CAMPAIGNS DIGITAL MEDIA FUND RAISING MARKETING STARTUPS MARKETS ECONOMIC Teachmint was Priced at Rs 4,000 crore & made Rs 80 Lakh in Revenue in FY22 Home - Startups - Teachmint was Priced at Rs 4,000 crore & made Rs 80 Lakh in Revenue in FY22 Search here ... Latest Update RECENT POPULAR COMMON April 3, 2023 In March, India’s Manufacturing PMI Reached a 3-Month High of 56.4 April 3, 2023 Teachmint was Priced at Rs 4,000 crore & made Rs 80 Lakh in Revenue in FY22
April 3, 2023 FY23 Ends on a High Note; VC Funding Reaches Billions in March Startups April 3, 2023 MotoCorp Shares Rise in Response to March Sales Figures & Price Increase April 3, 2023 By Gurpreet Kaur 2 hours ago 0 17 2 minutes read Facebook Twitter Most Viewed Teachmint, an edtech platform sponsored by Lightspeed Venture Partners, earned $100,000 (about Rs 80 lakhs) in operating revenue in FY22 (2021-22), another example of an edtech firm resting on an inflated valuation, a tendency that was widespread in 2021 but may not continue in the future. February 15, 2023 Adani Group equities are the Subject of This Week According to regulatory filings with the Ministry of Corporate Affairs, Teachmint, a classroom management platform, derives money by providing education software solutions through subscriptions (MCA). January 31, 2023 With an operational revenue of Rs 77.45 lakhs, it has the highest trailing twelve-month revenue multiple of 5,164 among edtech unicorns or soon-to-be unicorns. Moneycontrol said that the bulk of India’s unicorns has skyrocketed in value as a result of the record investment frenzy of 2021. IHC investment leads Adani Enterprises shares to boost by 5% Earnings & Fundings March 3, 2023 Teachmint raised around $110 million (approximately Rs 800 crore) during its first full year of operations in FY22. Naturally, it earned Rs 12.7 crore in interest on fixed deposits & interest on income tax returns. VCs’ fixation with start-ups’ topline, says CEO of Infosys Teachmint, whose platforms include Better Capital, Rocketship VC, and Learn Capital, recorded a loss of Rs 131.7 crore for FY22, up from Rs 5.5 crore the previous year, while total costs increased to Rs 145 crore for the fiscal year ending March 2022, up from Rs 5.9 crore the previous year. Employees cost the firm Rs 73 crore, while advertising and promotion cost the company Rs 36.7 crore, making it one of its largest expenses. February 20, 2023
Adani Enterprises Shares Must Increase by up to 410% to Reach their 52-week Highs Teachmint had no operational income in FY21 (2020-21). Mihir Gupta, Anshuman Kumar, Divyanshu Bordia, and Payoj Jain developed the platform in May 2020, during the high pandemic, when edtech was one of the most sought-after industries due to covid-induced stay-at-home limitations. In the two pandemic years, the firm received about $120 million, with its biggest round of $78 million being in October 2021, giving Teachmint a $500 million value. Other Information February 27, 2023 Teachmint also bought four firms to swiftly expand. Teachmint bought four startups between December 2021 and January 2022, including MyClassCampus, Teachmore, Teachee’s India team, and Airlearn, to swiftly expand and diversify for an unknown price. M-cap of the Adani Group falls below the Rs 7 lakh crore threshold In November 2021, the Lightspeed-backed edtech business implemented a novel employee stock option plan (ESOP) to retain employees, as the startup employment market was booming at the time. January 17, 2023 The ESOP plan, dubbed the ‘Continuous Liquidity Plan’ by the company, allowed employees to sell their stock options whenever they wanted as long as their shares were vested, rather than when the company raised money, when investors decided to buy back, or when the founders decided—as is usually the case. Shark Tank India 2 – Catching Big Fishes for National Start-Up Day But, in December of last year, the firm lay off around 45 people, or 5% of its workforce, in order “to establish long-term efficiency and address redundancies.” Most Reviews RECENT POPULAR COMMON April 3, 2023 In March, India’s Manufacturing PMI Reached a 3-Month High of 56.4 You can share this post! April 3, 2023 Previous article Next article
FY23 Ends on a High Note; VC Funding Reaches Billions in March In March, India’s Manufacturing PMI Reached a 3-Month Teachmint was Priced at Rs 4,000 crore & made Rs 80 Lakh in Revenue in FY22 High of 56.4 Related Articles April 3, 2023 FY23 Ends on a High Note; VC Funding Reaches Billions in March STARTUPS STARTUPS STARTUPS Khan Academy Offers Free Online Courses to Empower… Another Major Layoff by Unacademy Medi Assist is Acquiring Raksha Insurance in Order… March 31, 2023 March 30, 2023 March 29, 2023 Leave a Reply Newsletter Your email address will not be published. Required fields are marked * Subscribe to our mailing list to get the new updates!
Comment * Subscribe our newsletter to stay updated Your email address Name * Email * POST COMMENT About Indiabiz Recent Post Popular Categories Trending Post April 3, 2023 Campaigns Digital Media Adani Group equities are the Subject of This Week In March, India’s Manufacturing PMI Reached a 3-Month High of 56.4 Economic Fund Raising Marketing Markets Politics Startups April 3, 2023 IHC investment leads Adani Enterprises shares to boost by 5% Teachmint was Priced at Rs 4,000 crore & made Rs 80 Lakh in Revenue in FY22 Uncategorized April 3, 2023 VCs’ fixation with start-
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