Edmingle, a SaaS platform for small and medium-sized training and coaching businesses, has raised $1 million in its pre-Series A funding round, led by the Indian Angel Network (IAN). Investors include Jaideep Mehta, Rahul Mahipal, and Ms. IAN’s funding round was led by Vasudevan. Besides IAN, Keiretsu Forum, along with previous investors, SucSEED Innovation Fund, and Mumbai Angels Network, participated in the pre-Series A round.
The funds raised will be used to expand the marketing and sales channels, as well as automate the product, enabling training companies to increase sales and retain learners around the world.
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. The fully integrated, plug-and-play SaaS platform enables these training businesses to create, teach, grow and manage their course sales, training delivery, and operations.
Using Edmingle, over 700 small and medium-sized training businesses and even some edtech companies across various categories have significantly reduced their technology investment and go-to-market time by at least 10 times. These businesses have gone global and are currently delivering training to 1 million learners across more than 100 countries. Also, It has witnessed a 400 percent boost in student engagement as the professional and coaching market segment continues to soar online or, at the least, follow a hybrid approach, claimed by the company in a statement.
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“In India and even globally, the demand-supply gap in terms of quality teachers and content is immense. Edmingle has a noble mission to help traditional education and training institutions digitalize and embrace the new way of teaching and knowledge distribution. The platform’s business model is capital efficient and has sound unit economics, which gives us the confidence to partner with them through their journey,” said Jaideep Mehta, IAN lead investor.
The Bengaluru-based firm claims that more than 700 small and medium-sized training businesses and even some edtech companies across various categories have significantly reduced their technology investment and go-to-market time by at least 10 times by using its platform.
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