Candytoy Targets Rs 450 Crore Turnover Integrating Brands like Colgate and Puma

Monday, 26 August 2024, 00:15

Candytoy is set to achieve Rs 450 crore turnover through collaborations with brands like Colgate, Puma, and Bournvita. With plans to divest 10% stake for Rs 900 crore valuation, growth is on the horizon. The Indore-based startup is gearing up for a stock exchange listing within three years.
Indiatimes
Candytoy Targets Rs 450 Crore Turnover Integrating Brands like Colgate and Puma

Candytoy’s Ambitious Growth Plans

Candytoy, known for its candy toys, is poised to reach a remarkable turnover of Rs 450 crore by FY26. The company has built partnerships with iconic brands like Colgate, Puma, MTR, Bournvita, Yellow Diamonds, and Vistara Airlines, integrating their innovation into its offerings.

Strategizing Growth Funding

To accelerate its growth, Candytoy plans to raise Rs 90 crore by divesting a 10% equity stake at a valuation of Rs 900 crore.

Future Listing Aspirations

Moreover, this bootstrap startup is also targeting a stock exchange listing within three years, promising exciting possibilities in the long run.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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