Chennai-based Flintobox, which focuses on activity-based learning for kids, has raised $7 million in Series A funding from Lightbox and existing investors which includes Globevestor, Ashwin Chadha, Asian E-Commerce Alliance and Mauj Mobile among others.
GSF Accelerator, who made seed round investment in the startup, has got an exit with this deal.
With this fresh capital, the company hopes to capture the $4.5 billion pre-school market in India and aims towards a global expansion, starting with South-East and Middle-East Asia.
“Flinto is revolutionising the way children learn and play, all across India. Today, we have more than four lakh customers for Flintobox in over 700 cities and towns in the country. We will use the funds to further strengthen our leadership position in this space and expand to every nook and corner of India,” said Arunprasad Durairaj, CEO and co-founder, Flintobox, reported TOI.
Founded in 2013 by Arunprasad, Shreenidhi Srirangam and Vijay Gandhi, Flintobox is an activity box for children delivered at the doorstep to subscribers every month. Each box offers play-based activities such as painting, drawing, and games, which is designed to promote early child development in a fun way.
It also includes a curriculum for preschoolers, daily lesson plans, online teacher training facilities, classroom posters and an app for parents.
Flintobox, which turned profitable this year has registered a revenue of Rs 13 crore. In June, the company launched FlintoClass – termed as ‘Pre-school in a box’ – a comprehensive product for preschools to deliver high quality early learning program for kids.
It currently has four lakh customers from 350 preschools and aims to reach 1000 preschools a year from now.
Apart from Flintobox, CocoMocoKids, Smartivity, Magiccrate and Crafty Chimp are some other startups competing in the similar space.