About Toffee Ride
Toffee Ride is a company based in Kochi (India) founded in 2017 by Prasanth Pillai and Sanoj Salam. Toffee Ride has raised $214.27 thousand across 1 funding round from investors including Nintriva, Brand Capital and Prashanth Hariharan. Toffee Ride offers products and services including Toffee Ride App and Learning Modules. Toffee Ride operates in a competitive market with competitors including Abwaab, uLesson, Zenius, Khan Academy and Cambium Learning, among others.
- Headquarter Kochi, India
- Founders Prasanth Pillai, Sanoj Salam
- Stage Minicorn
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Sectors
Education
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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 Toffee Ride Innovations Private Limited
- Date of Incorporation 16 Jun, 2016
- Jurisdiction Ernakulam, Kerala, India
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Annual Revenue
$120.08 K (USD)143.12as on Mar 31, 2023
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Net Profit
-$86.95 K (USD)7.7as on Mar 31, 2023
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EBITDA
-$74.87 K (USD)6.64as on Mar 31, 2023
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Total Equity Funding
$214.27 K (USD)
in 1 rounds
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Latest Funding Round
$214.27 K (USD), Seed
Mar 07, 2020
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Investors
Nintriva
& 4 more
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Employee Count
Not available
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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.
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.
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.
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Investments in early-stage startups are made by Brand Capital.
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Provides professional web and mobile application development services.
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Prashanth Hariharan |
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Investor details for Toffee Ride
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Investments & Acquisitions by Toffee Ride
Investment portfolio details for Toffee Ride
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Financial Statements - Toffee Ride
Detailed financials for Toffee Ride
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Toffee Ride Comparisons
Peer comparison for Toffee Ride
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Competitors of Toffee Ride
Toffee Ride 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 Abwaab, uLesson, Zenius, Khan Academy and Cambium Learning, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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School curriculum is tutored online through videos, quizzes, and forums.
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Provider of online learning platform for school students
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App-based courses for school subjects are delivered via mobile platforms.
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Free online micro lectures on diverse subjects are offered.
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Educational solutions and services company
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Courses on diverse topics are delivered via an online platform.
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Detailed competitors of Toffee Ride
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Latest news on Toffee Ride
Complete news archive for Toffee Ride
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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.
Annual revenue of Toffee Ride is $120.08K as on Mar 31, 2023.
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's top competitors include Abwaab, Cambium Learning and Brilliant.
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.