Legend of Toys raises $2.5 million in pre-series A round

The funding round also included investments from Singularity Early Opportunities Fund, Veltis Capital, Enzia Ventures, DeVC, Atrium Angels, and Stride.

The company plans to use the new funds to launch more products, improve manufacturing, boost marketing activities, and grow its business internationally.

"The early response from consumers has been genuinely encouraging, and it tells us the category was ready for something new. Now we get to do the fun part: expand into new categories, strengthen manufacturing, and build the kind of company that can go the distance," said, Vinay Jaisingh, Co-Founder, Legend of Toys.

Founded in 2024 by Afshaan Siddiqui and Vinay Jaisingh, Legend of Toys is a toy company that makes character-based toys and remote-control (RC) vehicles. Its products include RC Drift Cars, Off-Road RC Trucks, 1:64 tabletop RC Drift Cars, and High-Speed RC Cars.

The company said it is working to grow its position in the premium toy market by focusing on product design, storytelling, performance, community building, and customer service.

Legend of Toys also said it achieved an annual recurring revenue (ARR) of ₹30 crore within 18 months and is currently growing by 20% every month. The company added that a large part of its direct-to-consumer (D2C) sales is profitable on each product sold.

Read More- Mitsubishi Motors and FPT Japan Holdings Sign MoU to Explore Software and Digital Collaboration