PE-VC Fund Investments
Legend of Toys raises Rs.21-Cr from Singularity, Veltis Capital, Enzia Ventures, others
Bengaluru-based D2C (direct-to-consumer) toymaker Legend of Toys has raised INR 21 crore (USD 2.2 million) in a pre-Series A funding round led by Singularity Early Opportunities Fund. The round also saw participation from Veltis Capital, Enzia Ventures, DeVC, Atrium Angels and Stride Ventures.Founded in 2024 by Afshaan Siddiqui and Vinay Jaisingh, Legend of Toys operates a character-driven play universe that combines its toy offerings with accompanying storylines and a repair-focused after-sales model.The new funds will be used to expand its remote-control and narrative play product lines, scale its sourcing and manufacturing capabilities, and establish international distribution. Additionally, it aims to enter new play categories such as DIY, increase investments in consumer marketing, and drive digital expansion across global markets.
In Sep 2024, Legend of Toys had raised funding from DeVC India and LogX Ventures.
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