Footwear and toy sectors may see rise in growth-stage, PE funding

India’s ambition to make itself a global hub for toys and incentivize players with specific schemes to boost manufacturing of footwear and leather may get a boost with an increase in investments, not just from early-stage VCs but also from growth-stage and private equity (PE) investors.

- SHANTHI

Milan Sharma, founder and MD, 5North Ventures, believes that since the government is backing these sectors, one can expect stability and long-term growth potential, which will resonate with investors. "Startups will benefit from improved infrastructure, local manufacturing efficiency, lower operational costs and increased market confidence," he said.