Edmingle, a Bangalore, India-based SaaS platform for small and medium-sized training and coaching businesses, raised $1 million in pre-Series A funding.
The round was led by the Indian Angel Network (IAN), with participation from Keiretsu Forum and previous investors SucSEED Indovation Fund and Mumbai Angels Network.
With this funding, Edmingle will expand globally, scale its marketing and sales channels, and automate its product to help training businesses grow sales, and retain learners globally.
Gaurav Doshi, founder and CEO of Edmingle, said, "Given the highly personalized nature of professional and vocational training categories, we strongly believe that a huge number of independent organizations and individual experts have the opportunity to create a profitable and niche market for themselves."
Edmingle plug-and-play SaaS platform enables training businesses to create, teach, grow, and manage their course sales, training delivery, and operations.
Edmingle grew significantly in the post-pandemic times. It has witnessed a 400% boost in student engagement as the professional and coaching market segment continues to soar online or, at the least, follow a hybrid approach.
Company: Ascorb Corp.
Round: pre-Series A
Funding Month: November 2022
Lead Investors: Indian Angel Network (IAN)
Additional Investors: Keiretsu Forum, SucSEED Indovation Fund, and Mumbai Angels Network
Company Website: https://www.edmingle.com/
Software Category: Learning Management System
About the Company: Founded in 2016 by Gaurav Doshi, Prashant Agarwal, and Harshit Sharaff, Edmingle is a SaaS platform for small and medium-sized training and coaching businesses to build their branded online training academy, scale their operations, and manage their business end-to-end. Edmingle’s mission is to empower training and education businesses to catalyze the spread of quality education and training to all corners of the world. The platform enables training businesses to create their online courses and services, automate their enrolment process & payment collection, deliver their courses in a highly engaging self-paced or live mode, manage learner communications, and provides analytical reporting for business owners and creators to get insights into the performance of their online academy. Edmingle’s online training academy can be fully white-labeled and customized to their needs, thus giving them full control over their brand, data, and content security.