Mumbai-based early-stage venture capital firm Lightbox is investing $7 million in Flintobox, a Chennai-based start-up that sells activity-based learning solutions to 1-12 year old children. The deal provides an exit for some angel investors, including GSF Super Angels and Globevestor who had invested at the seed stage in 2013 and 2014.
In June, the start-up launched Flinto Class, a learning solution for pre-schools. The product is targeted at independent/unbranded pre-schools who struggle to deliver high-quality education and experience. The start-up has signed up 350 schools and hopes to reach 1,000 schools in a year.
The package costs pre-schools Rs 500 per child