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Legend of Toys bags Rs 21 crore pre Series A to turn India’s premium RC brand into a global franchise
Startups
Published on 16 May 2026
A free Lifetime Service flips repairs into retention
Bengaluru startup Legend of Toys has raised Rs 21 crore in a pre-Series A round to scale its premium RC vehicle brand. Founded in 2024 by ISB alumni Afshaan Siddiqui and Vinay Jaisingh, it has already hit an annualised Rs 30 crore run-rate within 18 months and is growing 20% month-on-month. The money will fund new play categories, marketing, manufacturing upgrades and international expansion. Its character-led toy universe plus a free lifetime repair service aims to create repeat purchases, not one-offs.
- Raised Rs 21 crore in pre-Series A with Singularity, Veltis, Enzia and more
- Founded in 2024 by ISB alumni Afshaan Siddiqui and Vinay Jaisingh
- Annualised revenue run-rate crossed Rs 30 crore in just 18 months
- Growing at 20% month-on-month while expanding into new categories
- RC toys priced at Rs 1,599 to Rs 8,799 for kidults and collectors
- India toy trade shifted as imports fell 52% and exports rose 239% (FY2014-15 to FY2022-23)
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This summarization was done by Beige for a story published on 
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