EleFant, a mobile app-based toy library, has successfully raised Rs 6 crore (approximately $750,000) in its seed funding round. The round was co-led by Venture Catalysts and Malpani Ventures, with significant contributions from several prominent investors and family offices.

Notable participants in the funding round included Sudhakar Pai, Managing Director of Kurlon Industries, Jyothi Pradhan, CEO of Kurlon Family Office, Agre Global FZE, Growth 91/Growth Sense, IVY Growth, and Serious One Capital.

EleFant announced that the funds will be utilized to enhance its supply chain, aiming to reduce delivery times and costs. Additionally, the company plans to invest in data analytics to better understand and serve its customer base.

Founded by Sourabh Jain, EleFant provides a vast selection of toys and books for children aged 0-12 years, featuring over 600 options from more than 70 top brands. In just under 10 months since its launch, EleFant has attracted over 13,000 registered users and 1,000 fully paid subscribers.

EleFant’s innovative Librarian Model empowers home-based women entrepreneurs, with over 52 librarian centers across India. These librarians manage toy inventories and facilitate exchanges within their communities, earning a fixed income while promoting sustainable play and serving as brand ambassadors.