The round also includes participation from Jalaj Dani Family Office and existing angel investors, Skillmatics said in a statement.
The funds raised will be used to strengthen its presence in the US across online and offline retail, hire across product design, data analytics, technology, and marketing roles, as well as expand product offerings to target newer age groups and enter new product categories.
Skillmatics was a part of Surge’s first cohort in 2019, and has raised a total of $8 million so far.
Launched in 2017, the startup currently offers products in three key categories – learning resources, educational games and STEM toys. The brand is present across 15 countries with a primary focus on North America and India. The startup sells products via its own website, online marketplaces, and across 15,000 offline stores worldwide.
Skillmatics has sold over 3,000,000 products since its launch.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from June 20-22, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Skillmatics||Mumbai||6 million||Series A||Sequoia Capital India||Jalaj Dani Family Office||Consumer Products||E-commerce||`|
|Byju's||Bengaluru||49 million||Series F||IIFL, Maitri EdTech||-||Education/Training||EdTech|
|Vini Cosmetics||Ahemdabad||625 million||PE||KKR||-||Consumer Products||Beauty & Hygiene|
|Portl||Hyderabad||-||Seed||Kalaari Capital||-||Healthcare Services||Fitness & Wellness|
|Upside AI||Mumbai||1.2 million||Seed||Endiya Partners||Vijay Kedia, Ajay Nanavati, Gopichand Katragadda||Financial Services||FinTech|
|MSMEx||Mumbai||1 million||Pre-Series A||Razorpay, TNF Investments||-||Outsourcing||-|
|PazCare||Bengaluru||-||Seed||-||BookMyShow’s founding team, Haresh Chawla, Mohit Garg, Deepak Diwakar||Insurance||Insuretech|
|Superplum||Noida||3.8 million||Pre-Series A||-||-||Agribusiness||AgTech|
|Paymatrix||Hyderabad||-||Secondary||Muthoot Fincorp||-||Financial Services||FinTech|