Edmingle, an Indian SaaS platform for small and medium-sized training and coaching businesses, announced recently that it has raised $1 million in its pre-Series A funding round. This round was led by the Indian Angel Network (IAN), with the participation also from Keiretsu Forum, along with previous investors, SucSEED Indovation Fund and Mumbai Angels Network.
According to the company, the fresh capital will be used to scale the marketing and sales channels, as well as automate the product to help training businesses grow sales, and retain learners globally.
Founded in 2016 by Gaurav Doshi, Prashant Agarwal and Harshit Sharaff, Edmingle empowers training and education businesses to catalyse the spread of quality education and training to all corners of the world.
"Given the highly personalized nature of professional and vocational training categories, we strongly believe that a huge number of independent organizations and individual experts have the opportunity to create a profitable and niche market for themselves. While these organizations and creators are masters of their content, the biggest barrier to their growth is a scalable and easily maintainable technology platform, and that's exactly what Edmingle solves for them," said Gaurav Doshi, founder and CEO, Edmingle.
The platform claims that it has helped more than 700 small and medium sized training businesses and even some edtech companies across various categories significantly reduce the technology investment and go-to-market time by at least 10 times.