Source: Entrackr
Mumbai, August 25, 2025 — Child companion robot manufacturer Miko is looking to raise ₹1,325 crore (~$155 million) in Series D financing as per regulatory filings reviewed by Entrackr. The investment will come entirely from AMDG-PAX Foundation, a U.S.-based non-profit organization.
The board of directors of RN Chidakashi Technologies Private Limited, that conducts business as Miko, approved a special resolution to issue 22,465 preference shares at an issue price of ₹5.9 lakh each. The proceeds will be used for the general needs of the business and for other general corporate purposes.
Valuation Increase and Transfer of Ownership
According to Entrackr, this round values Miko at around $550 million post-money, which is a 2.7x increase from its previous value. After the allotment, AMDG-PAX Foundation will hold about 27.87% ownership.
Business Models and Global Presence
Miko operates a hybrid business model; selling AI-enabled robots that include the Miko Mini and Miko 3, priced between ₹15,000 and ₹25,000, as well as generating recurring revenue through its Miko Max premium subscription service. Miko is an aspirational company and claims its robots are used in more than 140 countries across the globe, with significant markets including the United States, Europe, and the Middle East.
Funding History
Before this round of funding, Miko had raised over $75 million in total, including a Series B round of $29 million led by IvyCap Ventures. This recent funding is the company’s largest to date and will greatly enhance the strength of Miko’s balance sheet.
Financial Performance
The company’s FY25 numbers are not yet available for filing, but filings show that Miko’s revenue from operations grew 58% to ₹358 crore and up from ₹225 crore in FY23. The company did see losses at ₹120 crore in FY24
Competition and Outlook
Miko is in a competitive industry with competitors such as PlayShifu, Avishkaar, and WitBlox. With the new cash injection, the company has plans for even more R&D, adding to its global sales and marketing efforts, and funding working capital.
Despite the widening losses, the $155 million raise offers Miko a significant war chest to scale globally and dominate the child robotics market.
Miko’s large losses are still paramount, but the phenomenal increase in revenues and extreme expansion in valuation offer additional credibility to Miko’s intent and aspirations of being the leader in producing the world’s best child-robotics on a global scale.
