the EleFant raises $750K in seed round, which is pioneering Sustainable Toy Subscription in India from Venture Catalysts, Malpani Ventures
EleFant, a mobile app-based toy Library, has raised Rs 6 crore (about $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.The funding round saw participation from a roster of investors, including Sudhakar Pai& Jyothi Pradhan from Kanara Consumer Products Limited, part of Manipal Group, Agre Global FZE, Growth 91/Growth Sense, IVY Growth, SiriusOne Capital and ...










