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Funskool acquires right to manufacture, market Rubik’s Cube in India
The Hindu
CHENNAI
Leading toymaker Funskool India Ltd. has acquired the rights to manufacture and market the Rubik’s Cube 3-D combination puzzle in India, particularly in general trade and e-commerce channels.
This is the first time an Indian manufacturer has bagged the rights for Rubik’s Cube from its licence holder and global children’s entertainment company Spin Master, the MRF group company said in a statement.
Earlier, Funskool had the import licence for Rubik’s Cube. Currently there are two products in the range – Rubik’s 3x3 priced at ₹649 and Rubik’s Cube 2x2 priced at ₹499.
The new range by Funskool also features another blockbuster game called Upwords, now licensed to Funskool for manufacturing, distribution, and marketing in India. It has already sold more than 10 million copies worldwide.
The festive offerings also consist of Perplexus, a 3-D maze puzzle and Potmania, an arts and craft activity kit for children.
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The Union Budget unveiled on February 1, 2025, has come at a time of unprecedented global uncertainty and a flagging domestic economy. The real GDP growth is estimated at 6.4% for 2024-25 and between 6.3-6.8% for 2025-26, a far cry from >8 percent growth required annually to make India a developed nation by 2047. While much attention has been devoted to the demand stimulus through income tax cuts, not enough is said about the proposed reforms in urban development, tariff rationalisation, and regulatory simplification aimed at making Indian cities and corporates more competitive. Since the majority of economic activity is located in cities (urban areas account for ~55% of GDP) and produced by large corporates (~40% of the national output and 55% of India’s exports), the above-mentioned reforms have a pivotal role in improving India’s trend growth rate. Below we unpack each reform.