Key Points Seed Funding Success: EleFant, a Mumbai-based mobile app-based toy library, secured Rs 6 crore in seed funding co-led by Venture Catalysts and Malpani Ventures. Founding Vision: Founded in 2023 by Sourabh Jain, EleFant aims to transform how Indian families engage with toys and play, offering a diverse selection of toys and books for children aged 0-12 years. Strategic Use of Funds: The funding will be used to enhance supply chain efficiency, reduce delivery times, and invest in data analytics to improve customer service. Mumbai, India – EleFant, a Mumbai-based mobile app-based toy library, has recently concluded a successful seed funding round, raising Rs 6 crore ($750K) co-led by…