Flinto, the market leader in early education, turns profitable, and raises $7 million in Series
New Delhi , 6th December 2017 - India’s No.1 Early Learning Company, Flinto Learning Solutions, popularly known as Flintobox, has raised $7 million in Series A funding. The round was led by Lightbox, with 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 of3 young dads, Arunprasad Durairaj, Vijay Babu Gandhi and Shreenidhi Srirangam,who personally experienced the lack of quality early education in India, andset out to change the way children learn and play. Flinto focuses on holisticlearning and development of children at their two primary spaces of learning -home and preschool, through the following product lines:
●Flintobox -A subscription program designed to deliver engaging learning activities tochildren at home.
●FlintoClass -A comprehensive preschool system for independent/unbranded preschools, whichprovides world-class early learning experience to children. FlintoClass helpsentrepreneurs build high-quality preschools at affordable prices, by supportingthem in every aspect of running their preschools. The FlintoClass curriculum iscurrently available for Nursery, Pre-KG, LKG and UKG.
Showcasing the potential and value of its offerings inthe early learning space, Flinto has turned profitable and is on target toreach Rs. 40 Cr revenue this year.
Talking about the latest round of funding, ArunprasadDurairaj, CEO & Co-founder, Flintobox, said, “Flinto isrevolutionizing the way children across India learn and play. Today, we havemore than 4 lakh customers for Flintobox in over 700 cities and towns in thecountry. After establishing a dominating presence in the home space, we’reexpanding into the mostly unorganized and fragmented preschool market toprovide the best early learning program for children across the length andbreadth of the country.
With FlintoClass, early learning has been standardized todeliver the same quality of education, no matter where it is delivered - be itin a state-of-the-art preschool or even under a tree. Since the preschoolpenetration rate in India is less than 10%, compared to 90+% in developedcountries, there is tremendous room for growth. We will use the funds tofurther strengthen our leadership position in this space and expand across thecountry.”
FlintoClass, termed as ‘Preschool in a box’was launched in June 2017. It has already reached more than 350 preschools in25+ cities and has changed the lives of more than 4500 children in India.
“By the same time next year, we aim to reach 1000preschools and in the next 5 years, every child will grow in a Flintoenvironment. We’re also aspiring towards a global expansion, starting withSouth and Middle-East Asia”, Arunprasad added.
Lightbox partner Prashant Mehta explains,“We’re excited to partner with the Flinto team, whom we’ve known from theirinception and have gained tremendous respect for what they are building. Flinto is addressing a massive need in early childhood development by convenientlydelivering a subscription-based product to your doorstep every month. Theirpassion for building high-quality design-led products is unparalleled.”