On Tuesday, Skillmatics raised $16 million in Series B funding, which Sofina led with participation from existing investors, Sequoia Capital India and Jalaj Dani Family Office. This fund will be used to expand the brand product offerings to new age groups and product categories, which can up its scale in the international market and make strategic acquisitions in adjacent categories.

• Maharashtra to Grant ‘Farmer’ Status to 12 Lakh Fishermen for Wider Welfare Benefits
• Microsoft Blocks $4 Billion in Global AI Scam Attempts
• Japan’s Export Growth Cools as Trump Tariffs Take Effect
• Krystal Integrated Shares Soar 7% on Securing Order from Tamil Nadu Government 
• Suzlon Energy Shares Gain 2% Securing Wind Energy Order 

“Parents today want to provide their children with meaningful play experiences that drive social interaction and build formative skills. This fundraiser gives us the fuel to build new capabilities, grow our team across our offices in the US and India, expand our reach, and take us one step closer to building an iconic brand that families around the world love,” said Dhvanil Sheth, Founder and CEO of Skillmatics.

The global toys and games market operates fund is $100 billion in which skillmatics design Skillmatics designs content-led games and play centric learning resources. Also, this company has launched successful products, which include Guess in 10, Write & Wipe Activity Mats and Found It!.