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Education-focused robots maker Miko raises Rs.1,325-Cr from AMDG-PAX Foundation

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Mumbai-based child companion robot maker Miko has raised INR 1,325 crore (USD 155 million) in a Series D round from AMDG-PAX Foundation. The company will issue 22,465 preference shares at INR 9,50,000 per share.Founded in 2015, Miko develops educational robots for children. It claims to integrate technology with practical educational applications to produce interactive robots.

Between Apr-18 and Feb-25 Miko had attracted about USD 77.29 M from Chiratae Ventures, YourNest, Stride Ventures, IvyCap Ventures, 360 ONE, and others.For FY24, Miko had reported about INR 358 Cr in Operating Income and about INR 120.56Cr in Net Loss.