Miko, founded in 2015 by Sneh Vaswani, Prashant Iyengar, and Chintan Raikar, is a pioneering robotics and AI company delivering interactive companions for children. Headquartered in Mumbai, Miko’s flagship products have reached global markets, combining cutting-edge emotional intelligence and advanced conversational capabilities. Miko’s mission is to make learning and social engagement fun and impactful for children, blending entertainment with education through robotics. Supported by strong investor confidence, Miko continues to expand globally while enhancing its core technology to remain a leader in the child robotics space.
| Founding year | 2015 |
|---|---|
| Headquarters | Mumbai, Maharashtra, India |
| Valuation | ~$100M (2023) |
| Total Funding | $65M |
| Annual Revenue | ₹150 Cr (FY24) |
| Annual Net Loss | ₹35 Cr (FY24) |
| EBITDA Margin | -10% |
| Employees | ~500 |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Seed | 2016 | $2M | IDG Ventures |
| Series A | 2019 | $10M | Chiratae Ventures |
| Series B | 2021 | $28M | IvyCap Ventures |
| Series C | 2023 | $25M | Lightbox, Stride Ventures |
Miko recently announced new feature rollouts enhancing emotional intelligence and conversational depth. The company secured strategic funding to expand in the US and European markets, reinforcing its leadership in the child robotics segment.
| Metric | Detail |
|---|---|
| Revenue Growth | ▲ Rapid growth to ₹150 Cr in FY24 |
| Profitability | ▼ Net loss of ₹35 Cr |
| Funding | ▲ $65M raised across 4 rounds |
| Efficiency | ▲ EBITDA margin improved to -10% |
| Valuation | ▲ $100M as of 2023 |
Miko stands at the forefront of child robotics and AI-driven companionship. Despite current losses, its strong revenue trajectory, continuous innovation, and global expansion plans signal a promising path forward. With further growth and profitability focus, Miko is well-positioned to shape the future of interactive learning and play globally.
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This report is generated for informational purposes only and does not constitute investment advice.