MUMBAI India March 23 2022 PRNewswire -- Cub McPaws Pochemuchka Kids Pvt Ltd a tech-driven ecosystem of next-gen kids has raised a total of 22M in Pre-Series A funding from senior executives from Facebook Google and a few family offices Existing investors also participated in the current round Cub McPaws wwwcubmcpawscom offers a range of products that are loved by kids and parents alike In November 2021 the company launched an integrated platform for kids which aims to enable the content creators of the future Kids can create their own content do activities with their close friends and inspire each other to be better versions of themselves The platform has had more than 100K installs since its launch primarily driven by word of mouth We are building the worlds most kids centric company Everything we do - from products to the platform - ignites curiosity in kids minds the most important trait of childhood Our unique tech-driven ecosystem is specifically designed for kids in Generation Alpha - the digital native kids born after 2010 said Abhay Bhat co-founder of Cub McPaws Data suggests that outside of educational expenses parents in India spend approximately Rs 160K per child per year on consumer goods purchases for kids There are 70Mn kids in our target segment in India alone Our unique approach can consolidate this large 150Bn market he added Our revenue grew 951 over the past 7 quarters with a 14 increase in our gross margins In a very short period of time we have become among the top 3 fastest growing brands in our segment across various channels The newly infused capital will help us rapidly scale our ecosystem by ensuring consistency of supply to meet increasing consumer demand and investing in branding and technology We have received a strong interest from global markets and we have started exploratory discussions to take Cub McPaws experience to these marketsadded Kinnar Shah co-founder of Cub McPaws Cub McPaws has created a cutting-edge D2C company that perfectly integrates consumer products with its content-driven technology platform Their growth over the past 3 years is a testament to the engaging ecosystem they have createdsaid Mr Ambareesh Murty Founder and CEO of Pepperfrycom and an early investor in the company The current round saw participation from some prolific angel investors who previously helped build some world class products in top global companies like Facebook Google Amazon Adidas Mitsubishi Rakuten Honeywell A family office that has been a limited partner in top venture capital funds has also invested in the current round Cub McPaws innovation capabilities its use of technology and behavioral data is creating immense possibilities for the company This is not only a key differentiating factor in the kids market but an unprecedented advantage to the company in being ahead of global counterpartssaid Mr Naohiro Ishimaru a top Japanese angel investor in Cub McPaws About Cub McPaws Cub McPaws wwwcubmcpawscom is a registered trademark of Pochemuchka Kids Pvt Ltd Cub McPaws is creating a tech-driven phygital community of next-gen kids True to its motto Be Curious the company encourages kids to explore the universe through curiosity inducing products a unique kidtech platform and experiences Cub McPaws aims to build the most kids centric company in the world PWR PWR

New Delhi Oct 29 PTI Delhi Deputy Chief Minister Manish Sisodia on Friday said entrepreneurial mindset is not only needed for running a business but for everyone so that they can contribute in the nations progress with innovative thinking Sisodia who is also Delhis Education Minister inaugurated an incubation centre at the Ambedkar University The minister said the incubation centre will act as a foundation for our future entrepreneurs This incubation centre being started in the Ambedkar University will become the foundation for new companies to be developed by our students and will give job opportunities across the world Entrepreneurial mindset is not only needed to conduct a successful business today but everyone should have that mindset so that with innovative thinking they can contribute to the progress of the country he said Stating that there are two types of universities in the world he said the first universities are those where the students stand in line to get employed and wait for some company to give them a job after graduating On the other hand there are universities where there is competition among the companies giving jobs and it is the companies that get in a line to employ the students of these universities he said It is the children of these universities who are later creating companies like Facebook Google and giving jobs to people all over the world If we want to make India a developed country and a developed economy this dream can be fulfilled only by our schools and universities he added PTI SLB CK