Explanation:

- Funskool (Option 1): Funskool is a well-known toy manufacturer in India, recognized for producing a variety of toys and games. As of the latest data, they acquired the license from Green Gold Licensing & Merchandising India Pvt. Ltd. to manufacture and distribute action figures of the popular Indian animated character, Chhota Bheem. Correct Answer: Funskool

- PILOT (Option 2): A company known primarily for its writing instruments and stationery products, not in the toy manufacturing or licensing industry, particularly for Chhota Bheem.

- Jazwares (Option 3): An American toy company that engages in licensing and manufacturing toys, but there's no specific information linking them to Chhota Bheem action figures.

- Comicave Studios (Option 4): Specializes in high-end collectibles but not noted for licensing Chhota Bheem products.

- Joovy (Option 5): Known for juvenile products such as strollers and toys but hasn't been associated with Chhota Bheem licensing.

Correct Answer: Funskool