Flintobox Explained

Flintobox
Industry:Education Toys
Founded:September 2013
Founders:Arunprasad Durairaj, Vijaybabu Gandhi, Shreenidhi Srirangam
Hq Location City:Chennai
Hq Location Country:India
Area Served:India
Products:Activity Boxes for Children
Services:E-commerce Subscription Boxes
Website:flintobox.com

Flintobox is an India-based company that produces STEAM-based educational activity boxes for children. Based on a new theme every month, Flintobox designs resources for Early Child Development. The company follows a subscription operational model and delivers the boxes straight to the child's doorstep.

History

Flintobox was founded by Arunprasad Durairaj,[1] Vijaybabu Gandhi, and Shreenidhi Srirangam. They are also the co-founders of Flintoclass.[2] As young parents, they realised the growing trend of screen addiction in children [3] and the urgent requirement for activities to get their children engaged with. The idea of Flintobox was then born. After a few test runs,[4] they invested their savings of close to Rs. 10 lakh to establish the business in September 2013.

In October 2014, they raised US$300,000 [5] from leading angels GSF Global, Globevestor (USA),[6] AECAL (Germany), and Mauj Mobile. Mauj Mobile already owns three app platforms, namely, AppyStore, Gamesbond and Mobango.[7] The investment primarily went into scaling marketing, operations, and product development capabilities. The company began operations with designing products for 4-8 year olds and is currently catering to 2-12 year olds.

The third and fourth round of funding was for Rs.2cr in 2015 and Rs.6.2cr in 2016 respectively, and was led by Ashwin Chadha - a leading Angel Investor, and Globevestor with participation from existing investors. In 2017, Series-A funding was done by Lightbox and they invested Rs.45cr along with existing investors. InnoVen Capital, Asia's leading venture debt and specialty lending firm, made a debt investment of INR 60 million in 2018. In 2020, Pre-Series B funding of $7.2 million, was led by Lightbox Ventures.

The name Flintobox originates from flint, a sedimentary rock, which can generate sparks when struck against steel.[6]

Membership

Flintobox offers three subscription plans, which customers can upgrade or cancel at any point of time.[8] There are 3-month, 6-month, and 12-month subscriptions available. The company looks at teaching children several age-appropriate concepts and build 16 developmental skills over the period of their subscription. Currently, Flintobox has more than 10 lakh subscribers.

Subscribers of Flintobox also receive a digital feed of parenting tips, engaging activity ideas and downloadable worksheets to do with children through the Free Flintobox App.[9]

Product

Flintobox started off in 2013 with products for 4-8 year olds. Each box contains 3-4 play based activities [10] that bring about overall development of the child. It is educational and is designed by child development experts to make learning more engaging and healthy for kids. Each month has a new theme based on which all the activities are designed.[11] Flintobox has a tie-up with International Institute of Information Technology in Hyderabad to design developmental games that can help with a child's motor skills, creative thought process, and overall psychological development.[12]

Flintobox targets at getting four main activities inside every box that makes a child create, explore, play, read, and sometimes a bonus activity is included.[13]

In December 2015, Flintobox announced that it was expanding its product line to include products for children between the ages of 2-3 and 3–4. The new products have 3-5 activities inside each box. The boxes have toys themed around topics like wildlife, vegetables, coloring, outer space, numbers, and others - all aimed at 16 developmental needs in children.[14] At the end of 2016, Flintobox began producing activity kits[15] for 8-12 year olds that deals with everyday science concepts and experiments.

At present, Flintoboxes are shipped across India. The concepts are ideated and designed in-house, but manufacturing is generally done by suppliers. Bengaluru and Chennai contribute to over 30 percent of Flintobox's revenue.[16]

Promotion

Flintobox operates on a complete ecommerce model. There are no offline stores. Orders and purchases are made through the company's website and app.

Awards and recognition

Flintobox was awarded the "Coolest Startup of 2014" by Business Today, the "Best Education Startup of 2014" by the Confederation of Indian Industries (CII), the Wharton India Startup Competition 2015[17] and also the best subscription boxes of 2014 by Kidstoppress.[18] In 2017, it won the Best Start-Up award by TiECON Chennai.[19] In 2018, it bagged three awards including Innovative Learning Solution by Global Edfest, Academics' Choice 'Brain Toy' Award, as well as Academics' Choice 'Mind Spring' award.

Notes and References

  1. Web site: Indian Education Show 2015. 2015-12-19. https://web.archive.org/web/20151222083954/http://www.educationbiz.in/congress/arunprasad-durairaj.php. 2015-12-22. dead.
  2. Web site: This Chennai-based start-up is trying to reform pre-school experience. www.businesstoday.in. 11 April 2019 .
  3. Web site: Woo kids away from the idiot box. Bangalore Mirror.
  4. News: Flintobox: Game for something new?. Sangeetha Kandavel. The Hindu. 25 May 2015 .
  5. Web site: Flintobox: Building engaging products for children that aid their holistic development. timesofindia-economictimes.
  6. Web site: Educational firm Flinto raises $300,000. timesofindia-economictimes.
  7. News: Mauj Mobile to raise $30-50 million for appstore play . 24 April 2016 . . 28 October 2016.
  8. News: Chennai start-up looks to tap PEs for funds . . 6 May 2015 . 4 October 2016.
  9. Web site: Flintobox app comes to Google Play store. The Times of India.
  10. Web site: Why FlintoBox "The Magical Monthly Discovery Kit" Might Help You and Your Kids . 16 October 2014 . 4 October 2016.
  11. Web site: Flintobox: A box full of toys to set your kids' imagination soaring. Samiksha Jain. 26 August 2015. Entrepreneur.
  12. News: Out of the box . . 25 July 2015 . 4 October 2016.
  13. Web site: Get children hooked to something worthy The Golden Sparrow . thegoldensparrow.com . dead . https://web.archive.org/web/20151223144916/http://thegoldensparrow.com/news/get-children-hooked-to-something-worthy/ . 2015-12-23.
  14. News: The Flinto adventure. Anusha Parthasarathy. The Hindu. 24 June 2013.
  15. Web site: Flintobox Review: Is It Really Useful For Kids Learning?. October 1, 2017.
  16. Web site: Business News Today: Read Latest Business news, India Business News Live, Share Market & Economy News. The Economic Times.
  17. Web site: Koshy. Rohit. 9 March 2015. Out-of-the-box Learning. 8 May 2021. The New Indian Express.
  18. Web site: Zaveri. Mansi. 10 January 2014. Kidsstoppress Awards 2013 - Reviews of kids products & services in India. kidsstoppress.com.
  19. Web site: 9 January 2018. Entrepreneurs, new and old, recognised at TiECON Chennai. 2021-05-08. The Hindu BusinessLine. en.