EleFant raises $750K in seed round co-led by Venture Catalysts and Malpani Ventures
Amount Raised
$750,000
Round Type
Seed
MumbaiEducationE CommerceEbooksInvestors
Description
EleFant, a mobile app-based toy Library, has raised Rs 6 crore (about $750K) in its seed round co-led by Venture Catalysts, Malpani Ventures with participation from several notable investors and family offices. The proceeds will be used to optimize its supply chain, reducing delivery times and costs, while also investing in data analytics to better understand and serve its customers, EleFant said in a press release.
Quick answer
EleFant raised $750,000 in a Seed round, dated July 3, 2024. Investors: Serious One Capital, Ivy Growth, Growth 91/Growth Sense, Agre Global Fze, Jyothi Pradhan and Sudhakar Pai. EleFant is based in Mumbai, Maharashtra, India.
- How much did EleFant raise?
- EleFant raised $750,000 in a Seed round on July 3, 2024.
- Who invested in EleFant?
- Serious One Capital, Ivy Growth, Growth 91/Growth Sense, Agre Global Fze, Jyothi Pradhan and Sudhakar Pai are named as investors in this round.
- What does EleFant do?
- Founded by Sourabh Jain, EleFant offers an extensive selection of toys and books for children aged 0-12 years, sourced from over 70 top brands with over 600 options.
- Where is EleFant based and how big is it?
- EleFant is based in Mumbai, Maharashtra, India. Fundz records about 48 employees.
- Who are the decision-makers at EleFant?
- Fundz holds 2 contacts at EleFant, including the Brand Partnerships & Investment Associate. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Education and E Commerce around the same time
Companies in the same sectors as EleFant that raised within 45 days of this round, from Fundz verified event records.
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