The VC is looking to back around 25 global disruptors from India with this fund and has received approvals from Sebi.

It is Foxconn of the toy world, manufacturing some of the most popular superhero figures and toy dart guns at a factory in Karnataka for some of the biggest names in the global toy industry. And it is now setting up India's first toy manufacturing cluster to boost domestic industry.

A new report from the Boston Consulting Group (BCG) and the Michael and Susan Dell Foundation called 'Unlocking The Potential Of The Gig Economy In India' predicts that the gig economy has the potential to service up to 90 million jobs in India’s non-farm economy alone, and can contribute an incremental 1.25 percent (approximately) to India's GDP over the long term.

The Centre on February 27 opened the India Toy Fair 2021, which is being organised on a virtual platform, to promote the government’s ‘Vocal for Local’ campaign. Multinational toy retailer Hamleys is the fair's title sponsor and set up its virtual booth on the platform.