Skillmatics, a toy and recreation firm that develops play and studying experiences for kids of all ages, is aiming to clock a revenue of ₹500 crore this monetary 12 months with a progress charge of 70% from final 12 months, its founder and CEO Dhvanil Sheth stated in an interplay.
“Our goal is to provide meaningful play experiences for children through the design of educational products and games. Currently, we offer around 200 products and are on track to achieve a revenue of ₹500 crore this year,” he stated.
The US accounts for 70% of the corporate’s enterprise, whereas 15% revenue comes from India and the UK is the most important among the many remaining 15%.
Mr. Seth stated the corporate expanded its presence togreater than 20 nations, with three to 4 core nations driving its gross sales.
Adding new merchandise yearly has helped the corporate, whereas all of them are made in India, he stated.
In 2021, the corporate created 5 new merchandise. The subsequent 12 months, it added 20 new merchandise and final 12 months it created 50 extra. “This year we are looking at 70 new products,” Mr. Seth stated.
“Our key differentiator is the inclusion of educational content into our products. This sets us apart from Chinese manufacturers, as our English-speaking workforce enables us to provide teaching quality that they lack,” he added.
“Additionally, we surpass American competitors by leveraging our access to high-quality talent at a cost-effective rate,” Mr. Seth stated.
