Legend of Toys Secures Rs 21 Crore for Expansion and Global Growth

Indian toy brand Legend of Toys announced a Rs 21 crore pre-series A funding round led by Singularity Early Opportunities Fund and Veltis Capital. The funds will support the brand's growth into new play categories, manufacturing, and marketing efforts both domestically and internationally.

Legend of Toys, an Indian toy brand, has successfully raised Rs 21 crore in a pre-series A funding round. This round was led by Singularity Early Opportunities Fund and Veltis Capital, with participation from Enzia Ventures, DeVC, Atrium Angels, and Stride.

The funding will be utilized to propel the company's expansion into new play categories, consumer marketing, digital outreach, and manufacturing capabilities, alongside efforts to enter overseas markets. The Bengaluru-based firm aims to venture into DIY and adjacent play formats, reinforce its sourcing and manufacturing strengths, and enhance its digital and global marketing prowess.

Co-founder Vinay Jaisingh remarked on the positive consumer feedback and expressed excitement about the company's future expansions. Founded in 2024, Legend of Toys has achieved an impressive Rs 30 crore in annual recurring revenue within 18 months, experiencing a monthly growth rate of 20%.