202106 Apr
Playshifu raises over Rs 124 cr in funding round led by Inventus Capital
Type
Funding Rounds
Funding
202106 Apr
$17.04MSeries B
Source
Outlookindia
Summary

Playshifu co-founder and CEO Vivek Goyal said the company will use the funds for research and development as it is planning to launch eight new products in 2021, and also for hiring skilled professionals. "With screen time for children ages 4 to 9 averaging as high as five hours per day, we have a responsibility to help kids develop their early-learning skills in this digital age. "Our products offer rich and variable content that engages children ten times better than the top 25 apps worldwide. An early stage learning toy firm, which uses Augmented Reality (AR) to provide educational games for kids, claims to have recorded 150 per cent growth in revenue for the third consecutive year and nearly doubled the team members from 60 in 2019 to 115 in 2020. "As we continue to introduce new products to further the development of early-learning skills in Generation Alpha, weve partnered with several reputable retailers around the world to diversify our reach," PlayShifu co-founder Dinesh Advani said.

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