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Child companion robot maker Miko is raising Rs 1,325 crore ($155 million) in its Series D round from AMDG-PAX Foundation, a US-based non-profit organisation. The Board of RN Chidakashi Technologies Private Limited, which operates under the brand name Miko, has passed a special resolution to issue 22,465 preference shares at an issue price of Rs 5.9 lakh each to raise the sum, its regulatory filing with the Registrar of Companies (RoC) shows. According to the filing, the fresh proceeds will be utilized to meet business requirements and other general corporate purposes. The platform estimates the company’s post-money valuation at around $550 million, a 2.7X increase from its previous round.
Miko.ai runs on a hybrid model, selling AI-powered robots such as Miko Mini and Miko 3 priced in the Rs 15,000–25,000 range, while also pushing its premium subscription Miko Max to drive recurring revenues beyond device sales. The company claims to serve customers in over 140 countries, including the US, Europe, and the Middle East. So far, Miko has raised over $75 million (excluding this round), including a $29 million Series B round led by IvyCap Ventures. According to the filing, AMDG-PAX Foundation will hold 27.87% (post-allotment) of the firm.
About Miko
Miko has been co-founded in 2015 by Sneh Vaswani, Prashant Iyengar, and Chintan Raikar. Miko is an Indian consumer robotics company, founded in 2015 by IIT Bombay alumni, that designs and builds AI-powered companion robots for children to educate and entertain them. Headquartered in Mumbai with a presence in Silicon Valley, Miko develops “emotionally intelligent” robots like Miko 3 that use conversational learning and educational content to engage young learners globally. Their products leverage AI, robotics, and IoT, offering interactive games, academic content, and a platform for third-party developers.