Birla Brainiacs is endeavouring to raise funds to the tune of $5 -10 million and is in talks with investors for the same.
Founded by Nirvaan Birla, the Mumbai-based e-learning startup was launched in April 2020. It is now planning to hire 1500 teachers by 2023. Of these, at least a 1000 will be for the tuition segment alone, while about 100 to 200 will be for other courses.
The platform is not restricted to school curriculum alone, but offers courses on vedic math, mental ability, software coding, as well as competitive exam preparations (IIT/medical).
Another edtech startup founded last year, Teachmint, based in Bengaluru, has made headlines because of the capital it has managed to raise. It raised US$ 20 million last week in a Pre-Series B round, which was led by San Francisco-based investor, Learn Capital. Other investors included CM Ventures.
Earlier, Teachmint had raised US$ 16.5 million in a Series A round a couple of months ago. The fresh funds will be used to expand into other live teaching categories and geographies by aiming to help teachers in other countries. The startup, whose valuation has gone up three fold in the last few months, is working on expanding its team and is on the lookout for talent.
Teachmint is a mobile-first, video-first technology infrastructure meant to help teachers take their online classes, interact with the students, and also take attendance, collect fees, and give assignments.