In the early 1990s, the Indian toy company Funskool acquired molds from Hasbro and produced their own G.I.Joe figures. These toys have sold well in India, and Funskool has even exported some of them to other countries (like Egypt).

Because Funskool produces and manufactures the figures themselves, most Funskool figures have minor variants and differences, especially with coloring and accessories. A few are intentionally different than their U.S. counterparts and are exclusive only to India