
Expansion plans are followed by $17 million series B funding PlayShifu raised earlier this yearThe fun, knowledge-building toy company for children, PlayShifu is ramping up its manufacturing in India. Currently offering two product lines in India, PlayShifu is planning to double its manufacturing capacity in the country -- from the current 10,000 units per month to 20,000 units per month.
The manufacturing expansion plans are followed by the $17 million series B funding PlayShifu raised earlier this year. Besides meeting local demand, PlayShifu's India manufacturing unit is already exporting to international markets, including the US, UK, Canada, Japan and certain regions in the EU. With this ramp-up in manufacturing, the brand aims to contribute to the 'Toyconomy' of the nation, which is in line with the push from the Modi government.
"We take pride in being an Indian early learning toy brand that not only manufactures in India but is winning hearts across 35+ international markets and growing. To take the initiative further and to contribute to the government push for Toyconomy in the nation, we are planning to scale up the manufacturing of our existing product lines in India. Adding to it, we are also planning to introduce Tacto into the Indian market later this year," says Dinesh Advani - Co-founder, PlayShifu.
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