Participated · Series A · Jul 2020

PlayShifu develops immersive, educational toys and digital-physical play experiences designed to build foundational STEAM skills for kids aged 3–12. Founded in 2016 by Dinesh Advani and Vivek Goyal, the company has offices in the Bay Area and Bangalore and sells products in more than 30 countries. It reports more than 650,000 users across 35 countries and has achieved 150% year-over-year revenue growth for three consecutive years, after doubling its workforce in 2020. PlayShifu completed a $21M Series B this year. The company plans to use new capital to expand in the U.S. and roughly 35 other markets and to launch eight additional products this calendar year. Its roadmap emphasizes growing its suite of immersive educational toys that connect physical and digital play. PlayShifu, operated by MobilizAR Technologies Pvt Ltd and founded in 2016 by Dinesh Advani and Vivek Goyal, develops augmented-reality educational toys and games to encourage early STEM learning. The company focuses on phygital interactions, innovation in its technologies, and research for new product development. It currently offers 12 products and plans to expand its product range to 30 items to cover over 20 early-learning skills by 2022. PlayShifu's products are available in 35 countries, up from 15 in 2019, supported by new global bricks-and-mortar and e-commerce partnerships. Financially, the company raised $17 million in a Series B led by existing investor Inventus Capital India. Other investors in the round include Inflexor Ventures, and existing backers Chiratae Ventures and Bharat Innovation Fund. Playshifu is an edtech startup. The company is raising capital to support operational needs, according to filings. The financing comprises INR 33 Cr ($4.4M) in a mix of debt and preference shares. Separately, Playshifu will issue 80 Series A debentures to Trifecta at a face value of INR 10 Lakh each, totaling INR 8 Cr ($1M). Investors named in the filings include Trifecta Ventures Debt Fund II, Chiratae Ventures (formerly IDG Ventures India), Vistra ITCL, Survam Partners LLP, Inventus III India Fund, Bharat Innovation Fund and Abhinav Daga. The transaction instruments therefore include debt, preference shares and debentures. PlayShifu is an India-based educational technology company that makes educational toys for children. The company announced a $7 million Series A funding round. The round was led by Chiratae (formerly IDG Ventures India), Inventus Capital and the Bharat Innovation Fund (BIF). The raise was disclosed in a company statement. The article does not provide details on use of proceeds, revenue, user metrics, prior rounds, or the company's founding year. Play Shifu designs augmented-reality, early-learning games that pair physical kits—cards, puzzles, shapes, and storybooks—with mobile AR experiences. Its themed Shifu kits (Safari, Jobs, Travel, Space, Fusion) let users scan bundled cards and objects to trigger interactive digital content. The company says more than 2,000 children from 60 countries use its products, and its Orboot product saw success on Kickstarter. Founded in 2016 by Vivek Goyal and Dinesh Advani, the team combines product and operational experience from companies like eBay, P&G, RentZeal, and Delhivery. Play Shifu plans to use newly raised funds to expand globally, further develop its technology, and strengthen its design team. Financial details of the round were undisclosed.

Participated · Equity · Apr 2018

Glamyo Health operates an asset-light platform focused on elective surgeries, using technology to deliver personalized patient care. The company was started at the end of 2019 and is headquartered in Chennai. It currently has presence in 10 cities, including Mumbai, Bengaluru, Hyderabad, Pune and Tier‑2 cities such as Indore, Bhubaneswar, Chandigarh and Patna, and plans to scale to 20+ cities. Management reports strong operational growth: a 300% surge in business over the last three quarters, a 3x increase in number of cities in the past three months, and a monthly CAGR of ~35% over the last 18 months. Investors and company comments also cite 40%+ month-on-month growth. Total capital raised to date is $3.5 million, including the most recent round. Glamyo Health operates a hybrid surgical-care platform that provides laser treatments across orthopedics, proctology, urology and laparoscopic cases. The company says it operates across more than 10 surgical categories and offers over 50 individual treatments. It combines its own clinics with third‑party hospital infrastructure to facilitate surgeries. Glamyo has a presence in more than 10 cities and plans to scale to over 20 cities by the end of FY23. Co‑founded by Archit Garg and Preet Pal Thakur, the three‑year‑old, Delhi‑based company positions itself against competitors such as Pristyn Care. The company intends to use fresh funds to generate long‑term resources for implementing its growth plans.