KV Toys plans to leverage Play Panda’s innovation capabilities and develop its learning-focused toy portfolio. The corporate markets toys beneath its flagship model QUCO and has a large home retail presence.
Toy producer KV Toys India Ltd on Tuesday stated it has entered right into a binding settlement to purchase a 50 per cent stake in instructional and STEM toys maker Play Panda Pvt Ltd for up to Rs 4.5 crore.
As soon as accomplished, it is going to strengthen KV Toys’ presence in the quickly rising instructional and STEM (Science, Expertise, Engineering, and Arithmetic) toys section, stated a joint assertion.
KV Toys goals to leverage Play Panda’s product innovation capabilities and portfolio of learning-focused toys, it added.
Commenting on the event, KV Toys India Director Karan Narang stated, “The toy market in India is altering. Extra mother and father now need toys that mix studying with play. Instructional and STEM toys are rising quick as a result of households care about total youngster improvement.” Play Panda, which focuses on STEM-based studying merchandise targeted on growing creativity, problem-solving and important considering abilities amongst youngsters, sells via channels akin to Hamleys, Amazon and different stores.
KV Toys manufactures and markets toys beneath its flagship model QUCO and has an in depth retail presence in the home market.
Revealed on June 17, 2026
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