Hyderabad-based SucSEED Indovation Fund invests in Edmingle
Hyderabad: Online teaching academy entrepreneurship enabler Edmingle has raised $300,000 from Hyderabad headquartered SucSEED Indovation Fund along with Mumbai Angels and other angels including Gaurav Gulati, founder of ScaleX Partners and Jaideep Mehta, CEO VCCircle as part of its seed round.
Edmingle’s proprietary software platform enables educators, entrepreneurs, and training businesses to launch branded online teaching academy websites and mobile apps to instantly launch and grow their knowledge businesses. It provides a subscription-based software platform to educators where they can build their courses, market them on their website/app and engage their students.
Over 4000 trainers are delivering their courses to over 3,00,000 learners across 30 countries. These trainers have turned their passion into a successful business selling courses worth Rs 75 crore and conducting live training sessions for over 90 lakh minutes. During the pandemic, it has helped several training businesses completely digitise their classroom training, growing its topline by 400 per cent over the last year.
Edmingle founder and CEO Gaurav Doshi said, “With Edmingle, trainers are now confidently running their courses on a platform they can call their own and transforming their passion into a sustainable knowledge business.”
The seed funding raised from SucSEED Indovation Fund and other angel investors will help the company to grow to a larger market and also further strengthen its technology and operations.
SucSEED Indovation Fund co-founder and partner J A Chowdary said, “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 in a faster and effective manner.”
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