Online Teaching Academy Enabler Edmingle Raises $300K
- ByStartupStory | June 28, 2021
Edmingle, the online teaching academy enabler, has raised $300,000 from Hyderabad-headquartered SucSEED Indovation Fund, Mumbai Angels and other angels including Founder of ScaleX Partners, a firm focused on early-stage investments, Gaurav Gulati, and Jaideep Mehta, CEO, VCCircle as part of its seed round.
Edmingle’s proprietary software platform tends to be designed to provide a “Create, Teach and Grow” option, enabling educators, entrepreneurs, and training businesses to launch branded online teaching academy mobile apps and websites to instantly launch and grow their knowledge businesses. It provides a subscription-based platform to educators where they can build their courses, market them on their app/website and engage their students.
Gaurav Doshi, Founder, and CEO of Edmingle said, “Trainers have to rely heavily 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 transforming their passion into a sustainable knowledge business.” He further added that “The seed funding we raised from SucSEED Indovation Fund and such established angel investors will help us take our mission to the larger market and also further strengthen our technology and operations.”
The global online education market will reach $325 billion in the next few years. Increased smartphone and internet penetration, demand for virtual learning environments, content digitization, and professional content demands for sophisticated course materials for upskilling/employability education and vocational training which will be the key driving force behind online learning.
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