Indore-based Candytoy Corporate (CTC), a leading manufacturer of plastic promotional toys and confectionery, has successfully secured ₹110 crore in its Series A funding round.
The round was backed by prominent domestic investors such as Abakkus Asset Managers, Girik Capital, Param Capital Research, Sixth Sense Ventures, and Viney Equity Market.
The funds raised will primarily support CTC in scaling its manufacturing capabilities and strengthening its workforce. These initiatives are part of the company’s strategic efforts to cater to growing international demand and reinforce its position in the global market.
Founded by Gaurav Mirchandani, CTC specializes in candy toys and promotional items, serving clients across 40+ countries in three continents. This funding marks a significant milestone in its journey to expand its footprint further.
CTC operates six state-of-the-art production facilities located in Indore, Delhi, Hyderabad, and Dubai’s Jebel Ali. Additionally, the company collaborates with 11 contract manufacturers to meet its production targets.
With a daily production capacity of 10.5 million candy toys, powered by over 250 advanced machines, CTC maintains strict quality control measures to ensure premium products. Its wide-ranging exports cover regions including Europe, the United States, Africa, Turkey, Japan, and the Middle East.
The infusion of ₹110 crore will enable CTC to enhance its production capabilities further, ensuring it keeps pace with increasing global demand. The company also plans to invest in building a skilled talent pool, aligning with its vision of sustaining rapid growth and operational excellence.
CTC’s success in securing this funding underscores its strong market position and innovative approach to blending confectionery with promotional toys, appealing to a diverse global audience.
Candytoy Corporate is poised to leverage this fresh capital to cement its status as a key player in the global confectionery and promotional toy market. By focusing on technological advancement, workforce development, and expanding its manufacturing footprint, the company aims to scale new heights and continue delighting customers worldwide.
With a robust business model and a clear vision, CTC is not just creating toys; it’s crafting a future filled with opportunities in the dynamic global marketplace
