About Paper Boat Apps
Paper Boat Apps is an Education company based in Mumbai (India) founded in 2013 by Anupam Dhanuka and Anshu Dhanuka, and was acquired by Nazara in October 2019. Game-based early education content is delivered via mobile apps. Paper Boat Apps has raised $1.41 million across 1 funding round from investors including Nazara. The company has 70 employees. Paper Boat Apps was last valued at $23.13 million in November 2019. Its chief executive, as recorded, is Anupam Dhanuka. Its Indian entity Paper Boat Apps Private Limited reported revenue of ₹44.18 Cr. Its focus areas include EdTech, K-12 EdTech, B2C Learning Solutions and School Curriculum.
Company details
Paper Boat Apps was founded in 2013 in Mumbai, India, within the edtech sector. An app-based platform is maintained, featuring research-backed games that integrate play with preschool curriculum elements including Math, Language, Creativity, Self-expression, and Roleplaying. Skill-building activities are emphasized for young learners. Accessibility is ensured on both Android and iOS devices across operations.
- Headquarters Mumbai, India
- Employees 70
- Founders Anupam Dhanuka, Anshu Dhanuka
- Stage Acquired
- SectorsEducation
- Email••••••••
- Website paperboatapps.com
- Acquired by Nazara (Oct 2019)
- Legal Name Paper Boat Apps Private Limited
- Date of Incorporation 08 Aug, 2013
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Paper Boat Apps
Paper Boat Apps operates through Paper Boat Apps Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Paper Boat Apps Private Limited CIN U74120MH2013PTC246788 | Active | 08 Aug 2013 | Mumbai, Maharashtra | ₹44.2 Cr | 70 | 3 | View details |
Apps and channels of Paper Boat Apps
Paper Boat Apps publishes 3 mobile apps with over 5.1M+ downloads.
Funding Insights of Paper Boat Apps
Paper Boat Apps has successfully raised a total of $1.41M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.41 million completed in November 2019. 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 $1.41M
- Total Rounds 1
- Last Round Seed — $1.41M
- First Round $1.41M
(Nov 2019)
- Investors Count 1
All 1 funding rounds of Paper Boat Apps with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | $1.41M | Seed | $23.13M | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2019 | $23.13M | •••••••• |
Last known valuation $23.13M (Nov 2019). 1 investors in total: 1 institutional.
Investors in Paper Boat Apps
Paper Boat Apps has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Nazara.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified gaming and sports media platforms are operated and developed. | 1999 | nazara.com | Mumbai, India |
Investor details for Paper Boat Apps
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Board of directors of Paper Boat Apps Private Limited (Paper Boat Apps)
Paper Boat Apps Private Limited is the primary company behind Paper Boat Apps. The board of Paper Boat Apps Private Limited currently have 3 directors; the longest-serving is Anupriya Sinha Das, appointed in 2024. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anupriya Sinha Das DIN 10744606 | Director | 13 Nov 2024 | 1 yr 11 mo | Paper Boat Apps Private Limited |
| Soni Gopal Sanjay DIN 02762675 | Director | 01 Apr 2025 | 1 yr 6 mo | Paper Boat Apps Private Limited |
| Manish Gaurav DIN 11190895 | Whole-time director | 11 Jul 2025 | 1 yr 3 mo | Paper Boat Apps Private Limited |
People of Paper Boat Apps
2 people are tracked at Paper Boat Apps (2 in leadership); the tracked headcount is 70.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Co-CEO | Leadership | |
| Co-Founder & Co-CEO | Leadership |
Complete people profiles for Paper Boat Apps
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Paper Boat Apps
Figures of Paper Boat Apps Private Limited, the primary company behind Paper Boat Apps, for FY 2025. Revenue was ₹44.18 Cr (-80% year on year). Net profit was ₹18.08 Cr (41% margin). EBITDA was ₹28.27 Cr (64% margin). Revenue has grown at a compounded annual rate of -40% over three years and -6% over five years.
- ₹44.18 CrRevenue · FY 2025 · -80% YoY
- ₹18.08 CrNet profit · 41% margin
- ₹28.27 CrEBITDA · 64% margin
- ₹1.1 LakhPaid-up capital
- 70Employees (provident fund records)
- -40%Revenue CAGR, 3 years
- -6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Paper Boat Apps Private Limited are on its company page.
Detailed financial statements for Paper Boat Apps
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Paper Boat Apps
4 dated milestones of Paper Boat Apps across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Paper Boat Apps is founded.
- Exit Acquired by Nazara.
- Funding First funding round of $1.4M.
- Milestone Reaches Minicorn status.
Top companies in Education Technology Platforms
3 companies that operate in the same segment as Paper Boat Apps (Education Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 275 M | USD 415.66 M | 15,046 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 107.78 M | |||
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.33 M | USD 43.22 M | 1,140 |
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Related news about Paper Boat Apps
Complete news archive for Paper Boat Apps
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Frequently Asked Questions about Paper Boat Apps
Paper Boat Apps was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Paper Boat Apps is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Anupam Dhanuka is the CEO of Paper Boat Apps, as recorded in our data. They have also founded this company.
Paper Boat Apps is a funded company, having raised a total of $1.41M across 1 funding round to date. The company's 1st funding round was a Seed of $1.41M, raised on Nov 2019.
Paper Boat Apps has 70 employees.
The primary company behind Paper Boat Apps, Paper Boat Apps Private Limited, reported revenue of ₹44.18 Cr for FY 2025, down 80% year on year.
Paper Boat Apps was founded in 2013 in Mumbai, India, within the edtech sector. An app-based platform is maintained, featuring research-backed games that integrate play with preschool curriculum elements including Math, Language, Creativity, Self-expression, and Roleplaying. Skill-building activities are emphasized for young learners. Accessibility is ensured on both Android and iOS devices across operations.
Paper Boat Apps has 1 investor. Key investors include Nazara.
The valuation of Paper Boat Apps is $23.13M as of Nov 2019.
Paper Boat Apps operates through Paper Boat Apps Private Limited.
Yes. Paper Boat Apps was acquired by Nazara in October 2019.
The legal entities of Paper Boat Apps currently have 3 directors, including Manish Gaurav, Soni Gopal Sanjay, Anupriya Sinha Das.