The EleFant raises $1M pre-Series to scale toy subscription network to 20+ cities

Toy rental startup The EleFant secured $1M pre-Series funding led by Growth Sense Venture Fund, with JIIF and Arian Capital participating. The FICO-model subscription service, priced at Rs 599/month, operates via 125+ franchise partners across 18 cities and targets 50,000 subscribers and 20+ cities within 12 months.

— FiledWed, 13 May, 2026, 13:43 IST·First seen Wed, 13 May, 2026, 13:40 IST·Source Entrackr

What happened

Toy subscription startup The EleFant raised $1M pre-Series led by Growth Sense Venture Fund. Operates FICO model with 125+ franchise partners across 18 cities;

Key facts

  • $1 million
  • Rs 599/month
  • 90+ brands
  • 1,000+ toys
  • 125+ franchise partners
  • 18 cities
  • 50,000 subscribers target
  • 20+ cities target

Why this matters

The EleFant's franchise-led expansion to 20+ cities creates a potential distribution partner or tuck-in target for toy brands and kids' retail platforms seeking subscription reach.