AR-based toy startup PlayShifu raises $17 mn in Inventus-led Series B round

Early learning toy company PlayShifu has raised $17 million in a Series B fundraise from a clutch of investors led by Inventus Capital India with Inflexor Ventures joining as a new investor. Existing investors Chiratae Ventures and Bharat Innovation Fund also participated in the round. With this round, the company has so far raised a little over $25 million.

With this funding, the company plans to expand its product portfolio from 10 to 30 products to cover over 20 early-learning skills by 2022. It will also be utilising the funds for strengthening its India team and expanding to new countries for which it will hire mini teams around the world. Its products are currently available in 35 countries.