Company Intelligence Profile
Ascorb Technologies Private Limited
Ascorb Technologies Pvt Ltd (brand: Edmingle) is a Bengaluru-based, DPIIT-recognised edtech SaaS company providing a white-label learning management and course-delivery platform to educators and institutions.
Last updated 10 August 2026
Ascorb Technologies Private Limited, operating under the brand Edmingle, is a Bengaluru-based edtech SaaS company that provides a white-label learning management and course delivery platform for educators and institutions. In FY2024-25, the company reported revenue of ₹8.01 Cr, marking a 50.27% year-over-year growth. They have raised approximately $1.3M, $1.37M in seed funding.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Ascorb Technologies Private Limited |
|---|---|
| CIN | U72900RJ2016PTC056485 |
| PAN | AAPCA0002N |
| Status | Active |
| Listing | Unlisted (Private Limited) |
| Incorporated | 07 December 2016 |
| ROC | RoC-Bangalore (Karnataka); previously RoC-Jaipur (Rajasthan) under old CIN |
| Sector (NIC) |
|
| Registered address | Edmingle, 2nd Floor, SRIT House, #113/1B, ITPL Main Road, Kundalahalli, Bangalore North, Karnataka 560037 |
| Authorized capital | ₹3.00 Lakh |
| Paid-up capital | ₹2.05 Lakh (₹2,05,350) |
Business Overview
- Operates the "Edmingle" platform — a white-label SaaS learning management system (LMS) enabling educators, trainers, coaching institutes and corporates to create, sell and deliver online courses, run live classes, manage students and process payments
- Founded 2016
- ~40-48 employees (2024-25)
- DPIIT-recognised startup
- HQ Bengaluru
Directors & DINs
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Gaurav Doshi | 07516842 | Director & Shareholder & Co-founder | - |
| Harshit Sharaff | 07645640 | Director & Shareholder & Co-founder | - |
| Gaurav Gulati | 02308392 | Nominee Director | - |
| Sandhya Vasudevan | 00372405 | Nominee Director & Co-founder | - |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AAPCA0002N1ZM | Karnataka | AAPCA0002N (derived from GSTIN + Tofler; consistent across sources) | - |
| 08AAPCA0002N1ZQ | Rajasthan | AAPCA0002N (derived from GSTIN + Tofler; consistent across sources) | Active |
Two active registrations (as of Nov 2025): 29AAPCA0002N1ZM — Karnataka (home/primary state, ties to registered office); 08AAPCA0002N1ZQ — Rajasthan (legacy state of original incorporation). PAN embedded: AAPCA0002N. #registrations: 2. Status: both Active. Source: web aggregation citing GST portal; GSTINs structurally valid (PAN-consistent) but not independently re-verified on an individual knowyourgst page (that page did not render live data).
Financials
Ascorb Technologies Private Limited reported a revenue of ₹8.01 Cr in FY2024-25, marking a 50.27% increase from the previous year. In FY2023-24, the revenue was ₹5.33 Cr with a net profit margin of approximately 9.36% and a debt-to-equity ratio of about 0.1.
- Standalone (no known subsidiaries)
- FY2024-25 (year ended 31-Mar-2025): Revenue ₹8.01 Cr, +50.27% YoY. FY2023-24 (year ended 31-Mar-2024): Revenue ₹5.33 Cr, +68% YoY; net profit margin ~9.36%, operating margin ~14.54%, debt-to-equity ~0.1, net worth down ~35.64% YoY, total assets down ~12.99%, ROE ~-29%, ROCE ~-30%
- Exact EBITDA / PAT / net worth / borrowings figures locked behind premium reports — not obtained
- Revenue figures confirmed
- Ratio-based profitability partial
Funding
- Seed-stage
- ~$1.3M–$1.37M raised across ~2 rounds; latest round 23-Nov-2022
- Investors: SucSEED Indovation and Indian Angel Network (IAN)
- Amounts from Crunchbase/Inc42/Tracxn aggregation — treat as approximate
- Round-level detail not fully obtained
Competitors
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