Company Name : Toko Innovation Studios
Funding Amount : Rs 3 Crores
Investor(s) IAN, Rajasthan Angel Investor Network
Funding Round : Not Disclosed
Indian Angel Network (IAN) has invested Rs 3 crores in Bangalore-based TOKO Innovation Studios, who are creating a digital destination for children that can be viewed on mobile and web browsers.
Roopak Saluja, Founder & CEO of The 120 Media Collective and new media company, Sooperfly, and Vishal Khare have led this round on behalf of IAN and Saluja will join the board of the company.
This round has been co-led by Rajasthan Angel Investor Network, who will be represented on the board by Ajay Data.
The startup was founded in February 2014 by Aditya Mukherjee (CEO), Arnav Mukherjee (Content Head) and Ajitsen Surendran (CTO. TOKO is targeting the Indian market with the aim of expanding across emerging markets globally, including a strong focus on Asia.
“We realized that children’s entertainment in India is still at a very nascent stage – so there is a huge market gap to be filled. With TOKO, we aim to create a platform and a collaborative ecosystem that will revolutionize Indian children’s entertainment. Extremely thankful to IAN for believing in our vision and helping us with not only funds but also the right mentorship and guidance we as a team needed,” said Aditya Mukherjee, Founder at TOKO Innovation Studios.
The investment will be used for the product development, user growth and content partnerships.