About The EleFant
The EleFant is a company based in Mumbai (India) founded in 2023 by Sourabh Jain. The EleFant has raised $1.93 million across 3 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
- SectorsConsumer
- Website category Business and Consumer Services · Online Marketing
- Email••••••••
- Phone•••• ••••
- Website theelefant.ai
- Social LinkedIn X
- Legal Name Madshades Technologies Private Limited
- Date of Incorporation 19 Aug, 2022
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹7.04 Cr
FY 2025 · +170% YoY
- Net Loss-₹6.90 Cr
FY 2025 · -98% margin
- EBITDA-₹6.86 Cr
FY 2025 · -97% margin
- Total Equity Funding$1.93M (USD)
in 3 rounds
- Latest Funding Round$1M (USD), Seed
May 2026
- InvestorsVenture Catalysts
& 22 more
Associated legal entities of The EleFant
The EleFant operates through Madshades Technologies 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 |
|---|---|---|---|---|---|---|---|
| Madshades Technologies Private Limited CIN U36940MH2022PTC388803 | Active | 19 Aug 2022 | Mumbai, Maharashtra | ₹7.0 Cr | 6 | 2 | View details |
Products & Services of The EleFant
The EleFant offers a comprehensive portfolio of products and services, including Toy Subscription and Toy Library.
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 $1.93M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in May 2026. 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 $1.93M
- Total Rounds 3
- Last Round Seed — $1M
- First Round $750,000
(May 2024)
- Investors Count 23
All 3 funding rounds of The EleFant 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 |
|---|---|---|---|---|---|
| May 2026 | $1M | Seed | – | Growth Sense | |
| Feb 2025 | $183,760 | Seed | – | MGB Advisor | |
| May 2024 | $750,000 | Seed | – | Venture Catalysts, Malpani Ventures |
23 investors in total: 18 institutional and 5 angel.
Investors in The EleFant
The EleFant has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Venture Catalysts, Kurlon and Z Nation Lab.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Angel investment firm funding frugal innovation in India. | – | malpaniventures.com | Mumbai, India | |
Investment in tech startups focusing on innovation and emerging trends in India. | 2018 | siriusone.vc | Chennai, India | |
Angel network facilitating startup investments and investor connections in technology and sustainability sectors. | 2021 | ivygrowth.co.in | Surat, India | |
Sector-agnostic acceleration services are provided for business growth. | – | growth-sense.com | Akola, India | |
Investments in tech startups are directed by the fund. | – | salilchakrabartyinnovationfund.tcc.mode | - | |
Startup accelerator | 2016 | znationlab.com | Cupertino, United States | |
- | – | jitojiif.com | - | |
- | – | agreglobalfze.tcc.mode | - | |
Advisory services are provided by Shakun Advisors in Mumbai, India. | – | shakunadvisors.tcc.mode | Mumbai, India |
Investor details for The EleFant
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Madshades Technologies Private Limited (The EleFant)
Madshades Technologies Private Limited is the primary company behind The EleFant. The board of Madshades Technologies Private Limited currently have 2 directors; the longest-serving is Shristi Jaishankar Padia, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shristi Jaishankar Padia DIN 09708051 | Director | 19 Aug 2022 | 4 yrs 1 mo | Madshades Technologies Private Limited |
| Sourabh Sunil Jain DIN 06812509 | Director | 19 Aug 2022 | 4 yrs 1 mo | Madshades Technologies Private Limited |
People of The EleFant
1 people are tracked at The EleFant (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for The EleFant
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 The EleFant
Figures of Madshades Technologies Private Limited, the primary company behind The EleFant, for FY 2025. Revenue was ₹7.04 Cr (+170% year on year). Net loss was -₹6.90 Cr (-98% margin). EBITDA was -₹6.86 Cr (-97% margin).
- ₹7.04 CrRevenue · FY 2025 · +170% YoY
- -₹6.90 CrNet loss · -98% margin
- -₹6.86 CrEBITDA · -97% margin
- ₹1.5 LakhPaid-up capital
- 6Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Madshades Technologies Private Limited are on its company page.
Detailed financial statements for The EleFant
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 The EleFant
3 dated milestones of The EleFant across 3 years, from founding to its latest funding, stage changes and deals.
- Founded The EleFant is founded.
- Funding First funding round of $750K.
- Funding Latest funding round, Seed, of $1.0M.
Web traffic of The EleFant
The website of The EleFant (theelefant.ai) receives about 24.5K visits a month and ranks #2,579,393 among all websites worldwide, #5,444 in Online Marketing.
- Monthly visits24.5K
▲ 277.1% vs previous month
- Unique visitors2.6K
per month
- Global rank#2,579,393
among all websites
- Category rank#5,444
Business and Consumer Services · Online Marketing
- Bounce rate33%
- Pages per visit3.2
- Average visit3 min 40 sec
- DevicesDesktop 22% · Mobile 78%
Similar companies to The EleFant
10 companies that operate in the same segment as The EleFant (Beauty & Personal Care Products), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering a wide range of baby, kids, and maternity products | 2010 | Pune, Maharashtra, India | USD 513.39 M | USD 911.07 M | 6,330 | |
3M is recognized as a global leader in industrial innovation. | 1902 | United States | – | USD 24.95 B | 74 | |
Provider of FMCG conglomerate products | 1837 | United States | – | USD 457.23 M | 923 | |
Subscription-based men's grooming products are provided by Harry's. | 2012 | New York, New York, United States | USD 755.88 M | – | 431 | |
Baby products from multiple retailers are aggregated and browsed online. | 2011 | Oakland, California, United States | USD 40.67 M | – | – | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M | – | – | |
Internet first brand offering wearable breast pumps | 2013 | London, England, United Kingdom | USD 157.63 M | – | – | |
Online brand offering mens grooming products | 2015 | Gurugram, Haryana, India | USD 52.66 M | – | – | |
Retailer of perfumes, cosmetics, skincare, and related gift set items | 2012 | Gurugram, Haryana, India | USD 58.54 M | – | – | |
Platform offering multi-category natural beauty care products | 2019 | Mumbai, Maharashtra, India | USD 46.98 M | USD 9.25 M | 94 |
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Frequently Asked Questions about The EleFant
The EleFant was founded in 2023 and raised its 1st funding round 1 year after it was founded.
The EleFant is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sourabh Jain is the current CEO of The EleFant. They have also founded this company.
The EleFant is a funded company, having raised a total of $1.93M across 3 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on May 2024.
The primary company behind The EleFant, Madshades Technologies Private Limited, reported revenue of ₹7.04 Cr for FY 2025, up 170% year on year.
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.
The EleFant offers Toy Subscription and Toy Library.
The EleFant has 23 investors. Key investors include Venture Catalysts, Kurlon, Z Nation Lab, Malpani Ventures, and IVY Growth Associates.
The EleFant operates through Madshades Technologies Private Limited.
The legal entities of The EleFant currently have 2 directors, including Shristi Jaishankar Padia, Sourabh Sunil Jain.