About The EleFant
The EleFant is a company based in Mumbai (India) founded in 2023 by Sourabh Jain.. The EleFant has raised $933.76 thousand across 2 funding rounds from investors including Venture Catalysts, Kurlon and Z Nation Lab. The EleFant offers products and services including Toy Subscription and Toy Library.
- Headquarter Mumbai, India
- Founders Sourabh Jain
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Sectors
Consumer
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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 Madshades Technologies Private Limited
- Date of Incorporation 19 Aug, 2022
- Jurisdiction Malad West, Maharashtra, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-390.77 (USD)0as on Mar 31, 2023
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EBITDA
$-390.77 (USD)0as on Mar 31, 2023
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Total Equity Funding
$933.76 K (USD)
in 2 rounds
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Latest Funding Round
$183.76 K (USD), Seed
Feb 05, 2025
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Investors
Venture Catalysts
& 21 more
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Employee Count
Employee Count
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Products & Services of The EleFant
The EleFant offers a comprehensive portfolio of products and services, including Toy Subscription and Toy Library. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Toys are curated and delivered periodically to subscribers for ongoing use
Toys are lent from accessible locations to promote sharing and reuse
Funding Insights of The EleFant
The EleFant has successfully raised a total of $933.76K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $183.76 thousand completed in February 2025. 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 2
- Last Round Seed — $183,760
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First Round
First Round
(07 May 2024)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Seed - The EleFant | Valuation | MGB Advisor | |
| May, 2024 | Amount | Seed - The EleFant | Valuation | Venture Catalysts , Malpani Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The EleFant
The EleFant has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Venture Catalysts, Kurlon and Z Nation Lab. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Angel investment firm funding frugal innovation in India.
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Founded Year | Domain | Location | |
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Investment in tech startups focusing on innovation and emerging trends in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The EleFant
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - The EleFant
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Elefant Comparisons
Competitors of The EleFant
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about The EleFant
When was The EleFant founded?
The EleFant was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is The EleFant located?
The EleFant is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of The EleFant?
Sourabh Jain is the current CEO of The EleFant. They have also founded this company.
Is The EleFant a funded company?
The EleFant is a funded company, having raised a total of $933.76K across 2 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on May 07, 2024.
What does The EleFant do?
The EleFant was founded in 2023 in Mumbai, India, and operates within the toy rental sector. Educational, fun, and unique toys for children are offered through an online platform, allowing selections and rentals. Services focus on providing access to a variety of play items without ownership, targeting families in the region. The company is led by Founder and CEO Sourabh Jain.
What products or services does The EleFant offer?
The EleFant offers Toy Subscription and Toy Library.
Who are The EleFant's investors?
The EleFant has 22 investors. Key investors include Venture Catalysts, Kurlon, Z Nation Lab, Malpani Ventures, and IVY Growth Associates.