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Teachmint co-founder and CTO Anshuman Kumar quits to pursue new venture

Anshuman Kumar, co-founder and chief technology officer of edtech startup Teachmint, has left the company after three years to pursue a new venture. As the founder, Kumar will now lead Duolop, a modern relationship management app.

“As someone who is passionate about using technology to enhance relationships, I am excited to lead the charge in creating a platform that offers a variety of services and goods to help couples navigate life’s journey together,” Kumar wrote in a LinkedIn post on Friday.

Kumar served as Teachmint’s CEO for over three years and played a pivotal role in defining the company’s technological capabilities. Teachmint was an edtech firm backed by Lightspeed India. Teachmint is a free, SaaS-based mobile platform that focuses on digitizing classrooms and helping educators manage lessons. It was founded in 2020 by Kumar, Mihir Gupta, Payoj Jain, and Divyansh Bordia.

Bengaluru-based Teachmint has raised over $118 million in funding and is backed by investors, including Lightspeed India, Better Capital, Goodwater Capital, Rocketship, and Vulcan.

The edtech firm reached over 30 Southeast and West Asian countries, impacting 1.5 crore teachers and students last year. Among other markets, it also entered Indonesia, Thailand, Vietnam, the UAE, and Saudi Arabia.

After a long pandemic-driven boom, the edtech sector has been in turmoil. Yet, the resumption of offline classes and a funding winter have severely hit edtech firms. The pandemic offered tailwinds for tremendous growth.

In FY22, the majority of unicorns in edtech reported losses. Unacademy, a company backed by Tiger Global, reported a loss of Rs 2,848 crore, while upGrad witnessed a loss of Rs 627 crore. Vedantu reported a loss of Rs 696 crore. BYJU’S, which has not yet submitted its FY22 financial reports, declared a loss of Rs. 4,588 crores in FY21.

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