Funtoot

Bengaluru, India Founded: 2010 • Age: 16 yrs Minicorn Acquired By Embibe
Personalized digital learning coach

About Funtoot

Funtoot is an Education company based in Bengaluru (India) founded in 2010, and was acquired by Embibe in December 2019. It operates as a personalized digital learning coach. Funtoot has raised $3.79 million across 3 funding rounds from investors including EMBIBE, Athera Venture Partners and Darashaw. The company has 41 employees. Funtoot was last valued at $6.85 million in April 2015. Its Indian entity Edreams Edusoft Private Limited reported revenue of β‚Ή4.34 Cr. Its focus areas include EdTech, K-12 EdTech, Tech for Teachers and Student Assessment. Its competitors include Renaissance, MasteryConnect, TagHive, Xello and Learnosity and 4 more; 7 of its 9 listed competitors have raised funding.

Company details

Funtoot is a personalized digital learning coach for curricular Math Science in the form of practice questions, solutions and remediations for Grades 2 to 9 students. Their flagship product Funtoot is a SaaS based personalised and adaptive teaching software that teaches students in an interactive way. Provides real-time assistance based on the childs needs, encouraging learning through self-correction. It also motivates and rewards successful progression keeping the child engaged on the path to higher learning. Claims to be using patent pending technology based on AI (Artificial Intelligence), Machine Learning and Natural Language Processing (NLP). Companys core team has a combined experience of 100 years in software product development, education and business innovation.

  • Headquarters Bengaluru, India
  • Employees 41
  • Stage Acquired
  • Sectors
    Education
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website funtoot.com
  • Social LinkedIn X Facebook
  • Acquired by Embibe (Dec 2019)
  • Legal Name Edreams Edusoft Private Limited
  • Date of Incorporation 14 Jul, 2010
  • Jurisdiction Bangalore, Karnataka, India
Key Metrics
  • Annual Revenue
    ₹4.34 Cr

    FY 2020 · -41% YoY

  • Net Loss
    -₹3.20 Cr

    FY 2020 · -74% margin

  • EBITDA
    -₹1.19 Cr

    FY 2020 · -27% margin

  • Total Equity Funding
    $3.79M (USD)

    in 3 rounds

  • Latest Funding Round
    $1.15M (USD), Series A

    Apr 2015

  • Investors
    EMBIBE

    & 32 more

  • Employee Count
    41
  • Acquired by
    Embibe

    (Dec 2019)

Funding Insights of Funtoot

Funtoot has successfully raised a total of $3.79M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.15 million completed in April 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $3.79M
  • Total Rounds 3
  • Last Round Series A β€” $1.15M
  • First Round $532,297

    (Feb 2012)

  • Investors Count 32

All 3 funding rounds of Funtoot with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Apr 2015$1.15MSeries A$6.85MAthera
Apr 2013$2.11MSeries A$6.08MAthera
Feb 2012$532,297Seed$β€’β€’β€’β€’β€’Keki Mehta
Valuation history
DateValuationStage
Apr 2015$6.85Mβ€’β€’β€’β€’β€’β€’β€’β€’
Apr 2013$6.08Mβ€’β€’β€’β€’β€’β€’β€’β€’
Feb 2012$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
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Full valuation and stage history of Funtoot

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Last known valuation $6.85M (Apr 2015). 33 investors in total: 8 institutional and 25 angel.

Investors in Funtoot

Funtoot has secured backing from 33 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include EMBIBE, Athera Venture Partners and Darashaw.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Early-stage venture capital investments are provided by Athera.
2008atheravp.comBengaluru, India
Private equity firm focused on multiple sectors
–tempus-capital.comHertfordshire, United Kingdom
Financial services, infrastructure advisory, and BPO operations are conducted by Darashaw.
1926darashaw.comMumbai, India
-
–surfplatinum.tcc.mode-
Provides wealth management services, including portfolio advisory and planning.
2009aargus.inMumbai, India
-
–novieagroinvestments.tcc.mode-
-
–tempuscapital.tcc.mode-

Dhananjaya Sudhanva

Angel investor and tech leader, ex-Microsoft, focused on Indian startups
–unknown_99605be1d0364147b-

Keki Mehta

-
–unknown_6eb31ad275ec48de8-

Baman Mehta

-
–unknown_ab9bbe1989a244038-
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Investor details for Funtoot

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Board of directors of Edreams Edusoft Private Limited (Funtoot)

Edreams Edusoft Private Limited is the primary company behind Funtoot. The boards of the 2 registered companies of Funtoot currently have 13 directors; the longest-serving is Rajeev Kumar Pathak, appointed in 2011. 33 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajeev Kumar Pathak
DIN 03474873
Director02 Jun 201115 yrs 4 moEdreams Edusoft Private Limited
Isha Mukesh Ambani
DIN 06984175
Director15 Nov 20196 yrs 11 moJio Platforms Limited
Akash Mukesh Ambani
DIN 06984194
Managing Director15 Nov 20196 yrs 11 moJio Platforms Limited
Sampathkumar Ranganathan Pudhukottai
DIN 02376907
Director16 Dec 20196 yrs 10 moEdreams Edusoft Private Limited
Aditi Avasthi
DIN 05352951
Director16 Dec 20196 yrs 10 moEdreams Edusoft Private Limited
Anant Mukesh Ambani
DIN 07945702
Director16 Mar 20206 yrs 7 moJio Platforms Limited
Dinesh Hasmukhrai Kanabar
DIN 00003252
Director07 Jul 20206 yrs 3 moJio Platforms Limited
Manoj Harjivandas Modi
DIN 00056207
Director07 Jul 20206 yrs 3 moJio Platforms Limited
Mukesh Dhirubhai Ambani
DIN 00001695
Director07 Jul 20206 yrs 3 moJio Platforms Limited
Raminder Singh Gujral
DIN 07175393
Director07 Jul 20206 yrs 3 moJio Platforms Limited
Haigreve Khaitan
DIN 00005290
Director07 Jul 20233 yrs 3 moJio Platforms Limited
Shumeet Banerji
DIN 02787784
Director07 Jul 20233 yrs 3 moJio Platforms Limited
Zia Jaydev Mody
DIN 00008326
Director25 Mar 20266 moJio Platforms Limited

People of Funtoot

1 people are tracked at Funtoot (1 in leadership); the tracked headcount is 41.

NameRoleGroup
CEOLeadership
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Financials of Funtoot

Figures of Edreams Edusoft Private Limited, the primary company behind Funtoot, for FY 2020. Revenue was ₹4.34 Cr (-41% year on year). Net loss was -₹3.20 Cr (-74% margin). EBITDA was -₹1.19 Cr (-27% margin). Revenue has grown at a compounded annual rate of -4% over three years and +16% over five years.

  • ₹4.34 CrRevenue · FY 2020 · -41% YoY
  • -₹3.20 CrNet loss · -74% margin
  • -₹1.19 CrEBITDA · -27% margin
  • ₹19.2 LakhPaid-up capital
  • 41Employees (provident fund records)
  • -4%Revenue CAGR, 3 years
  • +16%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Edreams Edusoft Private Limited are on its company page.

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Detailed financial statements for Funtoot

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Timeline of Funtoot

5 dated milestones of Funtoot across 9 years, from founding to its latest funding, stage changes and deals.

  1. Founded Funtoot is founded.
  2. Funding First funding round of $532K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series A, of $1.1M.
  5. Exit Acquired by Embibe.

Competitors of Funtoot

Funtoot has 9 listed competitors in our database, 7 of them funded. They include Renaissance, MasteryConnect, TagHive, Xello and Learnosity, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
renaissance.com1986Wisconsin Rapids, United States$40M1,361
Cloud-based K-12 assessments in reading, math, and writing are delivered.
masteryconnect.com2009Salt Lake, United States$33.85M147
Assessment and data solutions are developed for K-12 education.
tag-hive.com2017Bengaluru, India$2.5M23
AI-powered quiz application for educational engagement is provided.
xello.world1997Toronto, Canada––
Provider of an online platform for developing technical and soft skills in students
learnosity.com2007Dublin, Ireland$18.8M–
Assessment-assistance solutions are provided to educators via online tools.
turnitin.com2000Oakland, United States–55
Plagiarism detection and assessment platforms are provided for educators.
metametricsinc.com1984Durham, United States$1.5M91
Educational frameworks for assessment-curriculum integration are provided.
certicasolutions.com2001Wakefield, United States$14M870
Assessment and data quality solutions are offered for K-12 schools.
geekie.com.br2011Sao Paulo, Brazil$7M–
Adaptive learning management system is provided for schools.
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Detailed competitors of Funtoot

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Web traffic of Funtoot

Websites that share an audience with Funtoot (funtoot.com).

Similar websites

Websites whose visitors overlap most with Funtoot. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
velammalvidhyashram.edu.in
velammalvidhyashram.edu.in
100%
–––
rcis.in
rcis.in
100%
–#2,745,875–
meridianschool.in
meridianschool.in
100%
–#3,468,557–
tataclassedge.com
100%
7.4K#2,682,721View details
mindspark.in
100%
401.9K#39,012View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in Education Technology Platforms

10 companies that operate in the same segment as Funtoot (Education Technology Platforms), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Developer of a platform providing gamified language learning through interactive exercises
2011Pittsburgh, Pennsylvania, United StatesUSD 183.3 MUSD 748.02 M900
Online educational resources and test preparation for exams are provided.
2016Noida, Uttar Pradesh, IndiaUSD 275 MUSD 415.66 M15,046
Cloud-based software for K-12 education is provided.
1997Folsom, California, United StatesUSD 32 MUSD 47.59 M1,308
AI-powered robots are provided as companions for children.
2015Mumbai, Maharashtra, IndiaUSD 107.78 M––
Online platform for preschool management and parent updates is offered.
2014San Francisco, California, United StatesUSD 88.8 M––
Real-time classroom behavior feedback is delivered to students by teachers.
2011San Francisco, California, United StatesUSD 221.22 M–521
Integrated edtech systems are provided for K-12 schools.
2012Mumbai, Maharashtra, IndiaUSD 172.33 MUSD 43.22 M1,140
Cloud-based learning management systems are provided for educational courses.
1999Salt Lake City, Utah, United StatesUSD 88.85 M––
High-quality K-12 curriculum and assessments are provided by Amplify.
2000Brooklyn, New York, United StatesUSD 215 M––
One-to-one online English tutoring is provided by 51Talk.
2011Beijing, ChinaUSD 89 MUSD 95.85 M539
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Related news about Funtoot

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Frequently Asked Questions about Funtoot

Funtoot was founded in 2010 and raised its 1st funding round 2 years after it was founded.

Funtoot is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Funtoot is a funded company, having raised a total of $3.79M across 3 funding rounds to date. The company's 1st funding round was a Seed of $532.3K, raised on Feb 2012.

Funtoot has 41 employees.

The primary company behind Funtoot, Edreams Edusoft Private Limited, reported revenue of β‚Ή4.34 Cr for FY 2020, down 41% year on year.

Funtoot is a personalized digital learning coach for curricular Math Science in the form of practice questions, solutions and remediations for Grades 2 to 9 students. Their flagship product Funtoot is a SaaS based personalised and adaptive teaching software that teaches students in an interactive way. Provides real-time assistance based on the childs needs, encouraging learning through self-correction. It also motivates and rewards successful progression keeping the child engaged on the path to higher learning. Claims to be using patent pending technology based on AI (Artificial Intelligence), Machine Learning and Natural Language Processing (NLP). Companys core team has a combined experience of 100 years in software product development, education and business innovation.

Funtoot's top competitors include Renaissance, Learnosity and MasteryConnect.

Funtoot has 33 investors. Key investors include EMBIBE, Athera Venture Partners, Darashaw, Aargus, and Dhananjaya Sudhanva.

The valuation of Funtoot is $6.85M as of Apr 2015.

Funtoot is associated with 2 legal entities: Edreams Edusoft Private Limited, Jio Platforms Limited.

Yes. Funtoot was acquired by Embibe in December 2019.

The legal entities of Funtoot currently have 16 directors, including Haigreve Khaitan, Dinesh Hasmukhrai Kanabar, Saurabh Sancheti and others.

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