About Magic Crate
Magic Crate is a company based in Bengaluru (India) founded in 2014 was acquired by BYJU'S in January 2022. Magic Crate has raised $5.39 million across 9 funding rounds from investors including Klub, BYJU'S and 3one4 Capital. The company has 46 employees as of April 07, 2024. Magic Crate operates in a competitive market with competitors including PlayShifu, Smartivity, Imagimake, Flintobox and Butterfly Edufields, among others.
- Headquarter Bengaluru, India
- Employees 46 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
ConsumerEducation
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Funfinity Learning Solutions Private Limited
- Date of Incorporation 30 Oct, 2014
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$23.15 K (USD)-98.95as on Mar 31, 2023
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Net Profit
-$42.3 K (USD)-103.19as on Mar 31, 2023
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EBITDA
-$62.5 K (USD)-104.83as on Mar 31, 2023
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Total Equity Funding
$5.39 M (USD)
in 9 rounds
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Latest Funding Round
$31.62 K (USD), Angel Round
Feb 19, 2021
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Investors
Klub
& 58 more
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Employee Count
46
as on Apr 07, 2024
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Acquired by
BYJU'S
(Jan 01, 2022)
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People of Magic Crate
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Funding Insights of Magic Crate
Magic Crate has successfully raised a total of $5.39M across 9 strategic funding rounds. The most recent funding activity was a Angel Round of $31.62 thousand completed in February 2021. 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 Total Funding
- Total Rounds 9
- Last Round Angel Round — $31,623
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First Round
First Round
(23 Dec 2015)
- Investors Count 58
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Angel Round - Magic Crate | Valuation | Ashish Labroo |
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| Dec, 2020 | Amount | Angel Round - Magic Crate | Valuation | LNL Lakshmanan | |
| Nov, 2020 | Amount | Angel Round - Magic Crate | Valuation | Akil Sahiwala |
Investors in Magic Crate
Magic Crate has secured backing from 59 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Klub, BYJU'S and 3one4 Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage consumer brand companies are invested in by Fireside Ventures.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Founded Year | Domain | Location | |
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Venture funding in technology-intensive businesses within healthcare, education, and India-centric markets.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magic Crate
Financial Statements - Magic Crate
Magic Crate Comparisons
Competitors of Magic Crate
Magic Crate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PlayShifu, Smartivity, Imagimake, Flintobox and Butterfly Edufields, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Interactive STEM kits are provided for children's learning.
|
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| domain | founded_year | HQ Location |
Platform offering toys to boost children's brain development and creativity
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| domain | founded_year | HQ Location |
Educational toys and games for children are provided by Imagimake.
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| domain | founded_year | HQ Location |
Theme-based monthly activity boxes for children are delivered via subscription.
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| domain | founded_year | HQ Location |
Learning platforms and resources for K-12 students are provided.
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| domain | founded_year | HQ Location |
Provider of virtual learning platform for preschoolers
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Frequently Asked Questions about Magic Crate
Magic Crate was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Magic Crate is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Magic Crate is a funded company, having raised a total of $5.39M across 9 funding rounds to date. The company's 1st funding round was a Angel Round of $40.23K, raised on Dec 23, 2015.
As of Apr 07, 2024, the latest employee count at Magic Crate is 46.
Annual revenue of Magic Crate is $23.15K as on Mar 31, 2023.
Magic Crate was founded in 2014 in Bengaluru, India, as a provider of subscription-based DIY kits focused on educational activities for kids. Monthly crates are sent to subscribers, each containing materials for two science experiments, one art project, and a game. Themes including water, wind, sun, rainforest, and mad science are rotated to engage young learners in the consumer goods sector.
Magic Crate's top competitors include PlayShifu, Imagimake and Butterfly Edufields.
Magic Crate has 59 investors. Key investors include Klub, BYJU'S, 3one4 Capital, Aarin Capital, and Ashish Labroo.
The valuation of Magic Crate is $18.07M as of Nov 2020.