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Mumbai-Based D2C Brand Skillmatics Raises $16 Million

May 10, 2022•about 3 years ago

Amount Raised

$16 Million

Bengaluru

Description

Bengaluru: Mumbai-based Skillmatics, a direct-to-consumer educational games and resource brand, has raised $16 million in its latest funding round led by Sofina Ventures, with participation from existing investors Sequoia Capital India and Jalaj Dani Family Office. The firm plans to use the funds to strengthen its presence in the US market, expand the brand’s product offerings to new-age groups and product categories, scale up its presence in new international markets like Japan and Australia, and make strategic acquisitions.

Company Information

Company

Skillmatics

Location

Bengaluru, Karnataka, India

About

The firm plans to use the funds to strengthen its presence in the US market, expand the brand’s product offerings to new-age groups and product categories, scale up its presence in new international markets like Japan and Australia, and make strategic acquisitions. The startup has products that focus on reading, logical reasoning, STEM and social-emotional skills in children through games. offline function will be the company’s large focus in the US market, Sheth said adding that the startup is also hiring a top sales head for its US operations. Founded in 2017 by Dhvanil Sheth and Devanshi Kejriwal, Skillmatics operates in the $100 billion global toys and games market.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech