[ Flintobox raises $7 million from venture capital firm Lightbox ]
Flinto Learning Solutions Pvt. Ltd, which offers activity-based learning kits for children under the Flintobox brand, has raised $7 million from early-stage venture capital firm Lightbox. Some of its earlier investors also participated in the round. The firm had earlier raised $1.5 million over separate rounds from angel investor Ashwin Chadha, GSF Accelerator, US-based Globevestor, Germany-based seed fund Asian E-Commerce Alliance and Mauj Mobile.
Flinto Learning was started in August 2013 by Arunprasad Durairaj, Vijay Babu Gandhi and Shreenidhi Srirangam. It is based in Chennai.The company ships packaged learning kits for children in the age group of 2-12 years, with differentiated content for each age sub-group. Each month it sends out a Flintobox covering a new topic or activity to subscribers who sign up. The subscription costs Rs650 per child per month.
The company shipped 40,000 Flintoboxes in October, co-founder and chief executive Durairaj said.
Most of the fresh capital will be spent on expanding the content offering, followed by a stronger sales and marketing effort.
|City||Chennai, Tamil Nadu|
|Founder / CEO||Arunprasad Durairaj|