About Toffee Ride
Toffee Ride is an Education company based in Kochi (India) founded in 2017 by Prasanth Pillai and Sanoj Salam. App based learning resource provider for kids. Toffee Ride has raised $214.27 thousand across 1 funding round from investors including Nintriva, Brand Capital and Prashanth Hariharan. Toffee Ride was last valued at $2.24 million in March 2020. Its Indian entity Toffee Ride Innovations Private Limited reported revenue of ₹2.6 Lakh. Toffee Ride offers products and services including Toffee Ride App and Learning Modules. Its focus areas include EdTech, K-12 EdTech, B2C Learning Solutions and School Curriculum.
Company details
Toffee Ride was founded in 2017 in Kochi, India, as an edtech company focused on primary education. An adaptive learning platform is offered through an Android app for children in grades 1 to 4. Resources are delivered in areas such as life skills, social awareness, logic, creativity, general awareness, and language. Operations are supported by subscription-based monetization.
- Headquarters Kochi, India
- Founders Prasanth Pillai, Sanoj Salam
- Stage Minicorn
- SectorsEducation
- Email••••••••
- Phone•••• ••••
- Website toffeeride.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Toffee Ride Innovations Private Limited
- Date of Incorporation 16 Jun, 2016
- Jurisdiction Ernakulam, Kerala, India
- Annual Revenue₹2.6 Lakh
FY 2025 · -96% YoY
- Net Loss-₹31.1 Lakh
FY 2025 · -1209% margin
- EBITDA-₹26.7 Lakh
FY 2025 · -1039% margin
- Total Equity Funding$214.27K (USD)
in 1 rounds
- Latest Funding Round$214.27K (USD), Seed
Mar 2020
- InvestorsNintriva
& 4 more
Associated legal entities of Toffee Ride
Toffee Ride operates through Toffee Ride Innovations 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 |
|---|---|---|---|---|---|---|---|
| Toffee Ride Innovations Private Limited CIN U72200KL2016PTC046020 | Active | 16 Jun 2016 | Ernakulam, Kerala | ₹0.0 Cr | 2 | View details |
Products & Services of Toffee Ride
Toffee Ride offers a comprehensive portfolio of products and services, including Toffee Ride App and Learning Modules.
Interactive app teaching English and Math fundamentals to young children.
Activities for reinforcing concepts in science and life skills.
Apps and channels of Toffee Ride
its YouTube channel Toffee Ride - Learning App for Classes I - IV has 902 subscribers and 30 videos.
Videos from Toffee Ride
The most watched videos on Toffee Ride's YouTube channel, Toffee Ride - Learning App for Classes I - IV (902 subscribers). Click a video to play it here.
Funding Insights of Toffee Ride
Toffee Ride has successfully raised a total of $214.27K through 1 strategic funding round. The most recent funding activity was a Seed round of $214.27 thousand completed in March 2020. 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 $214,273
- Total Rounds 1
- Last Round Seed — $214,273
- First Round $214,273
(Mar 2020)
- Investors Count 5
All 1 funding rounds of Toffee Ride 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 |
|---|---|---|---|---|---|
| Mar 2020 | $214,273 | Seed | $2.24M | Brand Capital |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2020 | $2.24M | •••••••• |
Last known valuation $2.24M (Mar 2020). 5 investors in total: 2 institutional and 3 angel.
Investors in Toffee Ride
Toffee Ride has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Nintriva, Brand Capital and Prashanth Hariharan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Provides professional web and mobile application development services. | 2010 | nintriva.com | Kochi, India | |
PH Prashanth Hariharan | unknown_5b93b4fd59fa48d2a | |||
GK Geethu KP | unknown_31d718b3ca704abaa | |||
PP Prajith P | unknown_ac3075ed703d4c0e9 |
Investor details for Toffee Ride
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 Toffee Ride Innovations Private Limited (Toffee Ride)
Toffee Ride Innovations Private Limited is the primary company behind Toffee Ride. The board of Toffee Ride Innovations Private Limited currently have 2 directors; the longest-serving is Hita Girija Rajeevan, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hita Girija Rajeevan DIN 07502422 | Director | 16 Jun 2016 | 10 yrs 4 mo | Toffee Ride Innovations Private Limited |
| Prasanth Prabhakaran Pillai DIN 05340114 | Managing Director | 05 Feb 2018 | 8 yrs 9 mo | Toffee Ride Innovations Private Limited |
People of Toffee Ride
2 people are tracked at Toffee Ride (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Sanoj Salam | Co-Founder | Leadership |
Complete people profiles for Toffee Ride
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 Toffee Ride
Figures of Toffee Ride Innovations Private Limited, the primary company behind Toffee Ride, for FY 2025. Revenue was ₹2.6 Lakh (-96% year on year). Net loss was -₹31.1 Lakh (-1209% margin). EBITDA was -₹26.7 Lakh (-1039% margin). Revenue has grown at a compounded annual rate of -60% over three years and +36% over five years.
- ₹2.6 LakhRevenue · FY 2025 · -96% YoY
- -₹31.1 LakhNet loss · -1209% margin
- -₹26.7 LakhEBITDA · -1039% margin
- ₹5.5 LakhPaid-up capital
- -60%Revenue CAGR, 3 years
- +36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Toffee Ride Innovations Private Limited are on its company page.
Detailed financial statements for Toffee Ride
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 Toffee Ride
3 dated milestones of Toffee Ride across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Toffee Ride is founded.
- Funding First funding round of $214K.
- Milestone Reaches Minicorn status.
Top companies in Education Technology Platforms
3 companies that operate in the same segment as Toffee Ride (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 45.8 M | 1,140 |
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Frequently Asked Questions about Toffee Ride
Toffee Ride was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Toffee Ride is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Toffee Ride is a funded company, having raised a total of $214.27K across 1 funding round to date. The company's 1st funding round was a Seed of $214.27K, raised on Mar 2020.
The primary company behind Toffee Ride, Toffee Ride Innovations Private Limited, reported revenue of ₹2.6 Lakh for FY 2025, down 96% year on year.
Toffee Ride was founded in 2017 in Kochi, India, as an edtech company focused on primary education. An adaptive learning platform is offered through an Android app for children in grades 1 to 4. Resources are delivered in areas such as life skills, social awareness, logic, creativity, general awareness, and language. Operations are supported by subscription-based monetization.
Toffee Ride offers Toffee Ride App and Learning Modules.
Toffee Ride has 5 investors. Key investors include Nintriva, Brand Capital, Prashanth Hariharan, Geethu KP, and Prajith P.
The valuation of Toffee Ride is $2.24M as of Mar 2020.
Toffee Ride operates through Toffee Ride Innovations Private Limited.
The legal entities of Toffee Ride currently have 2 directors, including Hita Girija Rajeevan, Prasanth Prabhakaran Pillai.