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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

Legend of Toys bags Rs 21 crore pre Series A to turn India’s premium RC brand into a global franchise

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.

Summarised by Beize from a story on Know Startup on 16 May 2026
Raise Financial Services buys GreenLife Insurance Broking and plans a $15 million tech insurance platform

Raise Financial Services buys GreenLife Insurance Broking and plans a $15 million tech insurance platform

Raise Financial Services, the parent of stockbroker Dhan, has acquired IRDAI-registered GreenLife Insurance Broking in an all-cash and stock deal. The Mumbai-based fintech will invest about $15 million to build a technology-led consumer insurance distribution platform, aiming for launch by end-2026. Regulatory approvals are in place, and GreenLife will remain a wholly owned subsidiary within Raise’s ecosystem.

Summarised by Beize from a story on Know Startup on 13 May 2026

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Olectra Greentech adopts Dassault 3DEXPERIENCE to engineer EVs virtually and speed up fleet deployments

Olectra Greentech adopts Dassault 3DEXPERIENCE to engineer EVs virtually and speed up fleet deployments

Olectra Greentech, India’s electric bus maker, has partnered with Dassault Systèmes to adopt the 3DEXPERIENCE platform for digital product development in electric mobility. The move connects design, simulation, validation and manufacturing in a single virtual workflow, letting Olectra align its development pipeline with global OEM standards while targeting faster launches, lower prototyping costs, and scalable next-generation bus and truck platforms.

Summarised by Beize from a story on Know Startup on 12 May 2026
India Vietnam launch 25 billion trade push by 2030 with rare earth and defence MoUs

India Vietnam launch 25 billion trade push by 2030 with rare earth and defence MoUs

India and Vietnam upgraded ties to an Enhanced Comprehensive Strategic Partnership as President To Lam visited New Delhi. Modi and To Lam set a USD 25 billion bilateral trade target by 2030 and signed 13 MoUs spanning defence, rare earths, digital payments, pharmaceuticals, and emerging tech. The package also moves agricultural access, including durian and grape openings.

Summarised by Beize from a story on Know Startup on 8 May 2026
Milky Mist secures Rs 482 crore from Temasek unit and resets IPO valuation to Rs 9300 crore

Milky Mist secures Rs 482 crore from Temasek unit and resets IPO valuation to Rs 9300 crore

Milky Mist Dairy Food Ltd, headquartered in Erode, has raised about Rs 482 crore in a structured pre-IPO round anchored by Jongsong Investments, an indirect Temasek unit. The deal sets a valuation floor near Rs 9,300 crore, far below the earlier Rs 20,000 crore target. With SEBI IPO approval already secured, funds will support debt repayment and manufacturing and new product expansion.

Summarised by Beize from a story on Know Startup on 7 May 2026
South Korea launches Rs 6000 crore Unicorn Growth Fund backing Indian AI deeptech gaming startups

South Korea launches Rs 6000 crore Unicorn Growth Fund backing Indian AI deeptech gaming startups

KRAFTON, Naver, and Mirae Asset Venture Investments have launched a Rs 6,000 crore Unicorn Growth Fund to fund India’s fastest-growing tech startups. Announced after a New Delhi ministerial meeting, it will back AI and software, deeptech, gaming and creator economy, and consumer internet. Beyond capital, founders gain direct access to Korean product, architecture, and scaling pathways.

Summarised by Beize from a story on Know Startup on 24 Apr 2026

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