AR-based toy startup PlayShifu raises $17 mn in Inventus-led Series B round

Existing investors Chiratae Ventures and Bharat Innovation Fund also participated in the round. With this round, the company has so far raised a little over $25 mn

Early learning toy company PlayShifu has raised $17 million in a Series B fundraise from a clutch of investors led by Inventus Capital India with Inflexor Ventures joining as a new investor. Existing investors Chiratae Ventures and Bharat Innovation Fund also participated in the round. With this round, the company has so far raised a little over $25 million.

With this funding, the company plans to expand its product portfolio from 10 to 30 products to cover over 20 early-learning skills by 2022. It will also be utilising the funds for strengthening its India team and expanding to new countries for