EleFant, operating out of Mumbai and utilizing a mobile app for its toy library services, secured Rs 6 crore ($750K) in seed funding co-led by Venture Catalysts and Malpani Ventures.
Key Points Seed Funding Success: EleFant, a Mumbai-based mobile app-based toy library, secured Rs 6 crore in seed funding co-led by Venture Catalysts and Malpani Ventures. Founding Vision: Founded in 2023 by Sourabh Jain, EleFant aims to transform how Indian families engage with toys and play, offering a diverse selection of toys and books for…