Having grown its top line by 400% over the past year, Edmingle will be using the freshly infused capital to strengthen its technology and operations divisions and expand its business
July 3rd, 2021: Mumbai Angels Network, a premium startup investment platform for early-stage venture investments, along with SucSEED Indovation Fund and other marquee angel investors has invested USD 300,000 in Edmingle, a fast-growing online teaching academy entrepreneurship enabler as part of its Seed round of funding. Edmingle will be utilizing the freshly infused funding to augment its technology and operations divisions and scale the business.
Gaurav Doshi, Founder & CEO- Edmingle
Speaking on the funding, Gaurav Doshi, Founder & CEO - Edmingle said, “Trainers often rely on marketplaces to sell their courses and reach their target audience. Edmingle, however, allows them to run their courses on their own and convert their passion into a sustainable knowledge business. We are thrilled to be backed by eminent investors in our quest to offer seamless services for educators by bolstering our product offerings and expand our business by taking it to the larger market.”
Commenting on the investment, Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels Network said, “Online education is amongst the fastest-growing segments in the world and with the pandemic introducing new trends and further fuelling the adoption of online education, the sector is set to continue this exponential growth in the foreseeable future. Edmingle has been committed to ensuring that educators can reach their target audience without having to rely on revenue-sharing marketplaces and this funding is a testament to the work the platform has been doing and will help scale up to cater better to its customers
“Edmingle is a next-generation all-in-one platform which substantially reduces times to create, market, and sell online courses. We believe their comprehensive and easy-to-use solution helps prepare and deliver online and offline courses faster and more effectively. It was Edmingle’s well-laid outgrowth and sustainable customer-focused business model that encouraged us to invest”, added J.A Chowdary, Co-Founder & Partner - SucSEED Indovation Fund.
Edmingle provides a subscription-based software platform to educators where they can build their courses and market them on their website or app to engage students.
Over 4000 trainers are delivering their courses to over 3,00,000 learners across 30 countries through Edmingle. During the pandemic, Edmingle has helped several training businesses completely digitize their classroom training, growing its top line by 400% over the last year.
About Mumbai Angels Network:
Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 160 strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 60 of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.
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