Imagismart Solutions a New Delhi based organization which owns the brand Xplorabox , an educational activity box subscription start up in the early educational industry (age 2 to 12 years). The investment round was led by Green Shoots Capital, Metaform Ventures LLC,JITO Angel Network, SWAN Angel Network, Group of Angel Investors also invested in the firm.
Xplorabox was founded in 2015 by husband and wife Rishi and Shweta Das, along with two other co-founders — Dhirendra Meena and Rishabh Gupta. Dhirendra and Rishabh were batchmates in engineering, who joined the startup after inception. Xplorabox aims to instill creativity and learning through activity by its monthly subscription based box. The children receive a theme-based box every month packed with some exciting projects, games, DIY activities and a storybook.
The startup plans to use the funds to scale up rapidly, and establish overseas presence beginning with North America and Gulf Cooperation Council (GCC) countries.
Speaking on why SucSEED has invested in XploraBox, Vikrant Varshney, Co-Founder and Managing Partner of SucSEED Venture Partners, said “India’s accelerated development needs rising middle class and minds which are trained for fast-changing future. Xplorabox fills this future need of India’s young minds, by providing physical activity-based learning tools. This ensures that kids have reduced exposure to screens and helps improve children learning skills. We see immense potential in XploraBox and team to immerge as a leader in the segment, with their constant productinnovation”
Educational subscription model is part of a crowded market with many players such as Flintobox, Magic Crate, Podsquad, Butterfly Fields, Genius Box, and Einstein Box, operating in this space.
Last year Magic Crate raised an undisclosed amount in its third round of funding from FireSide Ventures and 3one4 Capital. Prior to that, Chennai-based Flintoboxraised in $7 Million in a Series A funding round led by early-stage venture capital firm Lightbox in December 2017.