Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 02 2019

Edtech startup Playshifu raises $7 million to expand its presence to over 30 countries in 2020

San Francisco and Bengaluru-based Playshifu makes augmented reality-based educational toys for kids.

Edtech startup Playshifu raises $7 million to expand its presence to over 30 countries in 2020

San Francisco and Bengaluru-based Playshifu, which makes augmented reality-based educational toys for kids, has secured $7 million in Series A funding round led by Chiratae, Inventus Capital and Bharat Innovation Fund. The round has also seen participation from existing investor IDFC-Parampara Fund.

The fresh capital will be used by the company towards tech innovation, research on unique phygital interactions and new product developments. Playshifu also plans to utilize funds to expand its presence from 15 countries to more than 30 countries in 2020 and beyond.

Founded by Dinesh Advani and Vivek Goyal in 2016, Playshifu’s flagship product ‘Shifu Orboot’ is an AR-based interactive globe that allows kids to scan the icons on the globe through an iOS or an Android device and read highlights of that region. 

Dinesh Advani, Co-Founder and COO, Playshifu, said, “We now have the tools at our disposal to execute against an even more impactful retail strategy and presence, while we continue to strengthen our position as the segment leader and disruptor in the early learning space. We are experiencing incredible demand from international markets across the world, purely due to the reason that our products make early learning agnostic to markets and languages.”

Karthik Prabhakar, Executive Director at Chiratae, stated, “PlayShifu is targeting the multi-billion dollar augmented reality industry with its unique proposition of an enriching learning environment for kids coupled with fun. Vivek and Dinesh, along with their team, have built a solid product roadmap to capture a significant market share in this segment in the US and European regions.” 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Automobile Maintenance
    About Us: O3 car care is a venture which came out..
    Locations looking for expansion Kerala
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size
    Space required 500
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Thrissur Kerala
  • Clinics & Nursing Homes
    About Us: DentAesthetica is a well-established brand in Delhi NCR known..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: MotioNMaN Scooters Pvt Ltd. are leading manufacturer of premium..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size
    Space required 500
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater faridabad Haryana
  • Education Supplies
    About Us: Qikme is a 4 in 1 Software as a..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities