IAN leads $1 mn Pre-Series A round in Edmingle
Edmingle, a SaaS platform for small and medium-sized training and coaching businesses, has raised $1 million in its Pre-Series A Round, led by Indian Angel Network (IAN). Investors Jaideep Mehta, Rahul Mahipal, and Ms. Vasudevan led the funding round at IAN.
Besides IAN, Keiretsu Forum joined the Pre-Series A round, along with previous investors, SucSEED Indovation Fund and Mumbai Angels Network. With this investment, Edmingle will expand globally, scale its marketing and sales channels, as well as automate their product to help training businesses grow sales, and retain learners globally.
Founded in 2016 by Gaurav Doshi, Prashant Agarwal & Harshit Sharaff, Edmingle’s mission is to empower training and education businesses to catalyse 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 performance of their Online Academy.
Headquartered in Bangalore, 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. With a 90% retention rate, it is a trusted platform for some of the fastest-growing online training businesses in the country.