Business

December 07, 2017

Flintobox raises $7 million in fresh funding


Flintobox

Child learning start up Flintobox, has managed to raise $7 million in a fresh Series A funding, led by Venture capital firm Lightbox. The company also issued a statement confirming the news.

“We will use the funds to enhance market share and venture into other markets,” the statement said.

As per some media reports, Globevestor, Ashwin Chadha, Asian E-Commerce Alliance and Mauj Mobile also participated in the funding round.

Highlighting its activities, the company said, “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 is working with more than 350 preschools across 25 cities, the company said.

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

Talking about the expansion plans, Durairaj said, “Today, we have more than 4 lakh customers for Flintobox in over 700 cities and towns in the country. We are expanding into the mostly unorganized and fragmented preschool market.”

“By the same time next year, we aim to reach 1,000 preschools, we’re also aspiring towards global expansion,” Durairaj added.

Related Post

latest News

  • SC quashes controversial Assam Parliamentary Secretaries Act

    On July 26, a three-member bench comprising Justice J Chelameswar, Justice RK Agrawal, and Justice AM Sapre of the Supreme Court quashed the controver...

    Read More
  • Calcutta HC Issues Slew Of Directions To Ensure Legal Aid For Convicts

    Justice Joymalya Bagchi of the Calcutta High Court has issued a slew of directions to ensure that a convict gets legal aid to effectively exercise h...

    Read More
  • 10 MoUs Signed between India and Belarus

    India at present appears to be highly progressing in terms of signing Memorandums of Understanding (MoUs) with other countries. There appears to be an...

    Read More