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Havish Gupta

Stealth • 8m

Unique Startup Stories (11/20) Meet Skillmatics, an educational toy company funded by "Sequoia Capital". ABOUT IT • It was founded in 2016, by Devanshi Kejriwal and Dhvanil Sheth in Mumbai. • It creates educational games for children in pre-school and primary school so that a kid can can learn even while playing. • There products are available across 15,000 stores and have sold over 70 Lakh products. PRODUCTs They have variety of toys and below are the bestsellers 1) Picture story book made from cloth 2) Puzzles 3) Guess in 10, a card game (award winning) REVENUE 23-24: ₹400 Crore (target) 22-23: ₹188 Crore 21-22: ₹40 Crore 20-21: NA 19-20: ₹50 Crore It is profitable but numbers aren't available FUNDING It has raised total of $26.8 Million with $128 Million Valuation in 4 Rounds and its leading Investor is Sequoia Capital and Sofina Ventures. It has about 167 Employees. Why do you think was special in it that even Sequoia Capital funded it?

16 replies15 likes

Replies (16)

Mridul Chandhok

Stealth • 4m

Their products are actually good , children tend to develop long term skills

0 replies

Jagriti Shreya
•

Predict Growth • 8m

their products are really good and serve for rounded age wise activity kits! I personally like them. Have been using it for sometime for my 4 year old son.

1 replies1 like

Anonymous 4
•

Infosys • 8m

The reason for Skillmatics' success and the interest of investors like Sequoia Capital was because the company's innovative approach to educational toys, its strong brand positioning, and its unique global business model. Skillmatics sells globally via online marketplaces, its own website, and offline retailers like Walmart, Target, and Hamleys. The company has also built a strong reputation for quality and customer satisfaction, with over 100,000 reviews and an average rating of 4.7 on Amazon. So yeah, not undeserved at all.

1 replies3 likes

Anonymous 3

Stealth • 8m

Great one !

1 replies1 like

Anonymous 2

Stealth • 8m

Damn bro first time naam suna. Good post.

1 replies1 like

Anonymous 1

Stealth • 8m

💯💯

0 replies1 like

LIKHITH

Stealth • 8m

Back here in bangalore I have seen KREEDO which has similar business model.

1 replies1 like

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