the EleFant funding, investors and company details

the EleFant is an emerging Information Technology startup from Mumbai, working in the space of Mobile app-based toy library offering subscription rentals of premium sanitized educational toys and books for children aged 0-12. Founded by Sourabh Jain.

Company: Madshades Technologies Private Limited
Sector: Information Technology
Location: Mumbai
Founders: Sourabh Jain
Total funding raised: ₹6.28 Cr

Company overview

ELEfant runs India's first mobile app-based toy library offering subscription rentals of premium sanitized educational toys and books for children aged 0-12 sourced from 70+ top brands via a discover-play-return model that reduces clutter costs and promotes sustainability through easy swaps and home delivery. It empowers women entrepreneurs via a librarian model for local toy inventory management community exchanges and fixed income generation while expanding toy access across multiple cities.

Funding rounds

Latest round (Seed): $ 0.75 Mn (₹6.28 Cr.), 2024-07-03. Investors: Venture Catalysts, Malpani Ventures