Angel Investments
Robotics player Miko raises Rs.20.5 Cr at $200-M valuation
Mumbai-based Miko , an Emotix-backed robotics company, has raised INR 20.55 crore (USD 2.5 million) in fresh equity from a clutch of angel investors.The company would issue 679 Series C CCPS (compulsorily convertible preference shares) each with an issue price of INR 3,02,695 to raise the sum.Of this investment, Money Crew Fintech invested INR 4.5 crore. The rest was pumped in by angel investors Amrapali B Doshi, Sanjiv Sarita, Amit Jain, Satyam Sinha, and Inderjit Kaur Arora.Miko claims to design emotionally intelligent robots branded Miko, Miko 2, and Miko 3.
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