#FundingAlert: Edmingle raises $300,000 from SucSEED Indovation Fund, Mumbai Angels

#FundingAlert: Edmingle raises $300,000 from SucSEED Indovation Fund, Mumbai Angels

FPJ Web DeskUpdated: Monday, June 28, 2021, 12:45 PM IST
article-image
Prashant Agarwal-CMO, Gaurav Doshi-Co-Founder & CEO, Harshit Sharaff-Co-Founder & CTO | Edmingle

Edmingle, the online teaching academy entrepreneurship enabler, has secured $300,000 from Hyderabad headquartered SucSEED Indovation Fund, Mumbai Angels and other angels including Gaurav Gulati, Founder-ScaleX Partners a firm focused on early-stage investments, and Jaideep Mehta, CEO-VCCircle as part of its seed round.

Edmingle provides a subscription-based software platform to educators where they can build their courses, market them on their website/app and engage their students.

Gaurav Doshi, the Founder, and CEO of Edmingle said, “Trainers have to heavily rely on marketplaces to sell their courses, often ending up sharing a large chunk of their earnings as commissions. With Edmingle, these trainers are now confidently running their courses on a platform they can call ‘their own' and transform their passion into a sustainable knowledge business.”

“The seed funding we raised from SucSEED Indovation Fund and established angel Investors will help us take our mission to the larger market and also further strengthen our technology and operations).”

Speaking on why they have invested in Edmingle, J A Chowdary, Co-Founder and Partner of SucSEED Indovation Fund, said, “Edmingle is a next generation all-in-one platform which substantially reduces times to create, market and sell online courses.”

Speaking on the investment, Gaurav Gulati, Founder of ScaleX Partners, said “The pandemic has resulted in a systematic shift in how educational content is consumed. Educators and entrepreneurs in this segment have no choice but to adapt to this new reality. Professionals in the educational segment can use the Edmingle white-label platform to build their own community and grow their own brand.”

The global online education market is slated to reach $325 billion in the next few years. Increased smartphone and internet penetration, content digitisation, demand for virtual learning environments, and professional content providers for sophisticated course materials for upskilling/employability education and vocational training will be the key driving force behind online learning.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...