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Candytoy Corporate has Secured Rs 110 Cr in Series A Round Funding

CTC has over 2,000 employees and operates six manufacturing units in Indore, Delhi, and Hyderabad, along with a facility in Jebel Ali, Dubai.

By Ayushi Jain
New Update
Candytoy Corporate has Secured Rs 110 Cr in Series A Round Funding

Candytoy Corporate (CTC), a global maker of plastic promotional toys and confectionery, has raised ₹110 crore in its Series A funding round. The investors include Abakkus Asset Managers, Girik Capital, Param Capital Research, Sixth Sense Ventures, and Viney Equity Market.

Funding Utilisation

The funds will be used to expand manufacturing capacity and build a skilled team to support the company’s fast growth.

Founded by Gaurav Mirchandani, CTC supplies candy toys and promotional items to over 40 countries across three continents. This funding supports its goal to scale operations and meet growing global demand.

CTC has over 2,000 employees and operates six manufacturing units in Indore, Delhi, and Hyderabad, along with a facility in Jebel Ali, Dubai. The company works with 11 contract manufacturers to meet growing demand.

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CTC can produce 10.5 million candy toys daily using more than 250 machines while maintaining high-quality standards. It exports to regions like Europe, the U.S., Africa, Turkey, Japan, the Middle East, and more.

CTC Director Gaurav Mirchandani said, "We are getting into a very exciting phase. This series A deal of Rs 110.5 crore with 13 per cent liquidation will not only help propel our growth but also invest in the incredible talent that drives our success to take on the new business orders received from across the globe, CTC manufactures candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others.

About Candytoy Corporate

CTC is a top manufacturer in India of promotional toys and confectionery items. The company uses plastic injection technology for food packaging. Founded in Indore in 2019, CTC produces plastic promotional toys and confectionery under the brand name SM Toys.

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