Flintobox is a subscription box, loaded with play-based activities for kids that promote early child development in a fun and explorative way
Flintobox, a Chennai-based educational startup, which focuses on activity-based learning for kids, has received INR 6 crore (US$875,000) from InnoVen Capital, a venture debt and specialty lending firm in Asia.
The startup will use the funds for expanding its domestic presence, as well as to venture into international markets such as Southeast Asia and the Middle East.
Founded in 2013, Flintobox is an age-appropriate subscription box for children, delivered to your doorstep every month. Each box is loaded with play-based activities for kids that promote early child development in a fun and explorative way. With a new theme every month, this research-based box is crafted by Montessori experts and child psychologists, and caters to the 12 developmental areas of a child.
The firm has presence in 700 cities and caters to children in the age group of two to 12 years.
The company recently expanded into the unorganised pre-school segment through its enterprise offering FlintoClass, which provides everything needed to run a preschool. FlintoClass has reached over 350 preschools across eight countries.
Flinto has previously raised US$8.6 million in equity funding from various investors such as Lightbox, Globevestor, and Ashwin Chadha.
Arunprasad Durairaj, CEO and Co-founder of Flintobox, said: “Having built a subscription business on solid unit economics that gives us optimal cash flow, debt investment makes a huge impact in scaling business rapidly.”
InnoVen is a pan-Asian venture debt platform with offices in Mumbai, Singapore and Beijing. The platform offers multiple debt capital solutions, including venture debt, acquisition finance, growth loans, and syndication. InnoVen provides debt financing to high-growth and innovative tech startups, and has since supported and provided over 175 loans to more than 125 startups across India and Southeast Asia.
Its portfolio companies include Yatra, Oyo Rooms, Swiggy, Byju’s, Nestaway, Pepperfry, Prizm Payments, Shaadi.com, Shopclues, Myntra, Freecharge, Manthan Software, Firstcry, Practo and Capillary Technologies in India.
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