Imagimake Play Solutions has announced that it has raised Rs 4.4 crore in pre-Series A funding round. The funding is received from angel investor Saumil Shah and Roha Investment Managers.
Commenting on the investment, Founder Disha Katharani said, “Over the last couple of years, we have found excellent acceptance for our products all over the world, and also won several awards and accolades including featuring in the Holiday Toy List in US, so now we want to build on this strong foundation to scale our business and launch new products.”
Roha Group MD Mahesh Tibrewala added, “We are delighted to invest in Imagimake and help them in their growth journey. Being a parent, we have been using Imagimake products even before our investment, and I have always seen my kids and their friends having a great time.”
Speaking on the platform, Saumil Shah said, “With increasing disposable income and more discerning millennials entering parenthood, the market is ripe for growth. Imagimake has a good track record and is well poised to leverage the market opportunity.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.