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INTERNET | Internet Software & Services / Education & Training
funtoot.com

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Stage

Corporate Majority | Acquired

Total Raised

$3.01M

Valuation

$0000 

About Funtoot

Funtoot is an intelligent, adaptive and personalized digital teacher for K-12 students. It observes, assesses, diagnoses, interacts, encourages and teaches each student, based on individual characteristics.

Funtoot Headquarter Location

#270, 2nd floor, Sancia House 14th Cross, Domlur Layout

Bengaluru, 560 071,

India

+91 80 40998150

Latest Funtoot News

Inventus Capital Records Three Successful Exits For INR 230 Cr In December

Jan 14, 2020

Inventus announced the final close of its Fund III at INR 369 Cr OLX and Reliance acquired Inventus Capital’s shares in Aasaan Jobs and Funtoot Early-stage tech-focussed fund Inventus Capital Partners, in December 2019, recorded three successful cash exits worth INR 230 Cr ($32 Mn) from companies — PolicyBazaar, AasaanJobs and Funtoot. Inventus Capital has generated almost 96% of its second fund through these exits. Softbank acquired Inventus Capital’s partial stake in PolicyBazaar. OLX and Reliance Industries acquired Inventus Capital’s shares in AasaanJobs and Funtoot, respectively, as per a report in ET, “Exits are challenging in the Indian environment, given the relatively lesser number of acquirers in the ecosystem,” Parag Dhol, Managing Director, Inventus Capital Partners, was quoted as saying. In AsaanJobs specifically, Inventus had invested INR 10.7 Cr across two funding rounds in 2015 to acquire a 15% stake in the firm. In the OLX-Inventus Capital Deal, the early-stage fund made a 2x return. Inventus Capital Partners also invested in Bengaluru-based edtech startup Funtoot, with INR 50 Cr funding for 35% of the business. However , in December 2019 , Reliance industries’ edtech platform Embibe acquired 90.5% stake in its rival Funtoot for a cash consideration of INR 71.64 Cr. Embibe is also planning to increase its stake to 100% in Funtoot by investing an additional INR 10 Cr by December 2021, provided the Bengaluru-based company achieves certain milestones. Even though Inventus Capital only lost partial stake in PolicyBazaar, this was undoubtedly the biggest exit for the company in 2019. Noting a 20x return, Inventus generated INR 177 Cr for its INR 30 Cr investment in PolicyBazaar across two funding rounds. Inventus Capital reduced its stake in PolicyBazaar to 1.67% from 3.5%. Till now, Inventus Capital has made four exits from its previous two funds. These exits were from companies like redBus, ibibo Group, Dentsu Aegis Network and Insta Health. Back in October 2019 , Inventus Capital had also announced the final close of its third fund at INR 369 Cr. The investment for the fund has come from a mix of institutional investors, such as Small Industries Development Bank of India, family offices and technology entrepreneurs, including founders from its portfolio companies such as Phanindra Sama of redBus and Ramesh Emani of Insta Health. Through this fund, Inventus Capital plans to invest in 15 companies in total. Set up in 2007, Inventus Capital has been actively involved with investing in startups both in Silicon Valley and in India. So far, it has invested in 65 US-based companies and 26 Indian companies. The company announced the first close of the third fund at $29 Mn in July 2018, whereas the first fund closed at $51 Mn in 200. Inc42 is hiring because people deserve the best experience possible. We are not just a bunch of Journalists, Editors, and Managers. We are a group of people that takes thrill in problem-solving with data-driven actions; because the world needs us to accelerate for constant evolution. Join us. Just like our readers, our people deserve the best experience possible. Know More

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Expert Collections containing Funtoot

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Funtoot is included in 2 Expert Collections, including Education Technology (Edtech).

E

Education Technology (Edtech)

2,236 items

A

Artificial Intelligence

7,352 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

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