Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 20 2017

Child Learning Startup Flintobox Bags $7mn Fund

The Chennai-based startup will use the funds to enhance market share and venture into other markets

Flintobox, a startup offering activity-based learning kits for children, has raised $7 million (about Rs 45 crore) in a Series A round led by venture capital firm Lightbox.

Existing investors also put in money, without disclosing names. Some media reports, however, said that Globevestor, Ashwin Chadha, Asian E-Commerce Alliance and Mauj Mobile participated in the funding round.

The Chennai-based startup will use the funds to enhance market share and venture into other markets.

Flinto Learning Solutions Pvt. Ltd, which runs Flintobox, was founded in September 2013 by Arunprasad Durairaj, Vijay Babu Gandhi and Shreenidhi Srirangam. It focusses on children’s learning and development at home and preschool through Flintobox and FlintoClass, respectively.

Flintobox is a subscription service delivering theme-based monthly activity box for 2-12-year olds. The boxes, which come with games and activities, take a new theme every month and are crafted by child development experts, child psychologists, and montessori experts.

FlintoClass offers curriculum and lesson plans, assessment materials, teacher training resources, parent communication app, and other operational support to preschools. Its curriculum is currently available for nursery, pre-KG, LKG and UKG.

Durairaj said “Today, we have more than 4 lakh customers for Flintobox in over 700 cities and towns in the country.  We’re expanding into the mostly unorganised and fragmented preschool market. The company claims that it has turned profitable, and is on target to achieve a revenue of Rs 40 crore this year. By the same time next year, we aim to reach 1,000 preschools. We’re also aspiring towards global expansion.

Flintobox, which was incubated at Gurgaon-based GSF Accelerator, has raised multiple rounds of angel funding from investors including Global Super Angels Forum, People Group’s Anupam Mittal, GSF India founder Rajesh Sawhney, Madison India Capital Advisors Pvt. Ltd., and Globevestor.

Comment
Related opportunities
  • Quick Service Restaurants
    About: Go Italia is a casual dining Italian cuisine restaurant with..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Car wash / Ceramic Coating / Detailing
    COZI CARS - Mobile Car Wash/Spa & Detailing Franchise Opportunity You Must GRAB!!..
    Locations looking for expansion New Delhi
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Bars, Pubs & Lounge
    An enthusiastic bunch of astronomers, space cadets and chefs came..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 8000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Pets – A Booming Industry for you to start a..
    Locations looking for expansion Gujarat
    Establishment year 2011
    Franchising Launch Date 2014
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities