MAM
Celebrity-fan engagement start-up Gonuts raises seed round from Sweta Rau, Archana Priyadarshini, 9Unicorns and others
Gonuts, Asia’s largest and most influential celebrity commerce platform has raised 3.5 Crore in seed funding led by marquee investors Sweta Rau and Archana Priyadarshini. 9Unicorns, AngelList, Lets Venture, Pankaj Chaddah( Co-Founder, Mindhouse & Zomato), Ramakant Sharma, (Co-Founder, LivSpace), IIM Indore Alumni Fund, Harshal Morde, (Morde Foods Pvt. Ltd.) and other marquee angels and founders also participated in this round.
Founded by serial entrepreneurs Vinamra Pandiya and Mayank Gupta along with Media & Entertainment veteran Joji George in March 2020, GoNuts aims to bridge the gap between celebrities and their millions of fans, and democratise talent to the Indian and expatriate Indian diaspora. Gonuts has a long term vision of creating India's largest celebrity experience e-commerce platform.
GoNuts has a portfolio of over 700 of the leading celebrities, most of them exclusive on Gonuts, across categories like films, television, sports and music, amongst others, available on its platform. This gives users a diverse range of celebrities to choose from to convey personalized messages to their loved ones. The platform has leading celebrities exclusive on the platform which includes Shankar Mahadevan, Hans Raj Hans, Shaan, Kailash Kher, Sukhbir, Talat Aziz, Shibani Kashyap, Hariharan, Sivamani, Shivin Narang, Jonty Rhodes, Sumeet Verma, Ranveer Brar Ashish Vidyarthi and Vicky Ratnani.
Vinamra Pandiya, Founder, Gonuts said that “Our plan is to strengthen our market leadership and follow through on our vision to be Asia’s largest and most influential celebrity commerce platform. We feel that investments in the right team, technology and other levers of growth is very important and will be our immediate priority. We aim to on-board 5000+ of the most influential and inspirational celebrities by the next financial year and be the unicorn out of India in this category for the rest of the world.”
Sweta Rau, Angel and Venture Investor, White Ventures said that “Experiences are so much more valuable than anything else. Gonuts is creating category in by building marketplace that help create experiences of joy, excitement and fun. It is making it easy for fans and influencers/celebrities connect in a deeper way through personalised videos to begin with.”
Dr. Apoorva Ranjan Sharma, MD & Co-founder – 9Unicorns, said, “Indians are quite passionate about the celebrities that they follow. And yet, the influence that they hold over the masses has largely been untapped by brands. The team at GoNuts is creating a disruption in this field by delivering curated celebrity experiences. We are confident in its potential to achieve rapid scale. As brands look to bounce back from the pandemic by using newer ways of engaging with their audiences, we are confident that GoNut’s array of offerings will achieve greater traction in the market.”
The uniqueness of the platform is its ability to connect the Indian and global Indian diaspora to talent across genres that are multi- lingual and also at multi segmented price points.
Brands
Funskool India crosses US$40 million turnover in FY 2025-26
Toy manufacturer posts steady growth despite global headwinds.
MUMBAI: Funskool India has played its cards well turning challenges into steady growth while keeping the fun alive in the toy business. The country’s leading toy manufacturer has reported a turnover of $40 million in FY 2025-26, demonstrating resilience in a difficult global environment. The company recorded an average growth of 14 per cent over the past two years, with exports growing at a healthy 19% year-on-year.
While domestic business grew at a modest single-digit pace, Funskool saw encouraging traction in key categories such as Fundough (dough) and Handycrafts (arts & crafts).
Funskool India Ltd. CEO K.A. Shabir said, “We successfully navigated the challenges posed by US tariffs last year and continued to grow both our export and domestic businesses. Given the ongoing geopolitical situation in West Asia, we are currently working with a moderate growth outlook of 12–15 per cent, with plans to revisit our targets after Q1 once the situation stabilises.”
He highlighted strengthened partnerships with global companies including Spin Master (Canada), Moose Toys (Australia), Melissa & Doug (USA), Asmodee (France), Learning Resources (USA), and Buffalo Games (USA). The expansion of the company’s Goa plant is progressing and is expected to be completed by the end of the current financial year.
Looking ahead, Funskool expects a significant shift in domestic growth momentum for FY 2026-27, driven by new categories such as friction vehicles under the brand “BlazeTrix”, remote-control cars under “VoltRush”, and the addition of popular licences like Paw Patrol.
In an industry where playtime never stops, Funskool has shown that even in turbulent times, a smart strategy and strong partnerships can keep the business ticking along nicely. As it gears up for the next financial year, the company appears well-positioned to build on its solid foundation and bring even more joy to children worldwide.
