Early Learning startup, Flinto Learning Solutions, popularly known as Flintobox, has raised $7 million in Series A funding round led by Lightbox. The funding round also saw participation from existing investors.
The fresh inflow of capital will help the Chennai-based startup solidify its position as the market leader in early education, and realize its mission of being the Fun Learning Partner of every child in India.
Flinto, launched in September 2013, is the brainchild of three young dads, Arunprasad Durairaj, Vijay Babu Gandhi and Shreenidhi Srirangam, who personally experienced the lack of quality early education in India, and set out to change the way children learn and play. Flinto focuses on holistic learning and development of children at their two primary spaces of learning - home and preschool, through its product lines: Flintobox and FlintoClass.
Flinto has turned profitable and is on target to reach Rs. 40 Cr revenue this year.
Talking about the latest round of funding, Arunprasad Durairaj, CEO and Co-founder, Flintobox, said, ‚ÄúFlinto is revolutionizing the way children across India learn and play. Today, we have more than 4 lakh customers for Flintobox in over 700 cities and towns in the country. After establishing a dominating presence in the home space, we‚Äôre expanding into the mostly unorganized and fragmented preschool market to provide the best early learning program for children across the length and breadth of the country.
FlintoClass helps entrepreneurs build high-quality preschools at affordable prices, by supporting them in every aspect of running their preschools. The FlintoClass curriculum is currently available for Nursery, Pre-KG, LKG and UKG. Termed as ‚ÄėPreschool in a box‚Äô, it was launched in June 2017. It has already reached more than 350 preschools in 25+ cities and has changed the lives of more than 4500 children in India.
‚ÄúBy the same time next year, we aim to reach 1000 preschools and in the next 5 years, every child will grow in a Flinto environment. We‚Äôre also aspiring towards a global expansion, starting with South and Middle-East Asia‚ÄĚ, Arunprasad added.
‚ÄúWe‚Äôre excited to partner with the Flinto team, whom we‚Äôve known from their inception and have gained tremendous respect for what they are building. Flinto is addressing a massive need in early childhood development by conveniently delivering a subscription-based product to your doorstep every month. Their passion for building high-quality design-led products is unparalleled,‚ÄĚ says Lightbox partner Prashant Mehta.