the EleFant raises USD 750K in seed round, which is pioneering Sustainable Toy Subscription in India from Venture Catalysts, Malpani Ventures
Jul 05, 2024
New Delhi [India], July 5: EleFant, a mobile app-based toy Library, has raised Rs 6 crore (about USD 750K) in its seed round co-led by Malpani Ventures, Venture Catalysts with participation from several notable investors and family offices. the EleFant was founded in 2023 by Sourabh Jain, a devoted father inspired by his daughter's curiosity and love for learning. Witnessing the clutter of unused toys and the constant demand for new ones, Sourabh envisioned a solution that would provide children with a continuous supply of engaging educational toys while promoting sustainability.