Child companion robot maker Miko is set to raise ₹1,325 crore ($155 million) in its Series D round from AMDG-PAX Foundation. According to regulatory filings, Miko’s parent company RN Chidakashi Technologies has approved the issue of 22,465 preference shares at ₹5.9 lakh each to complete the fundraise. The fresh capital will go toward business expansion and general corporate needs, strengthening Miko’s position in the global consumer robotics market. Founded in 2015, Miko has built a niche with its AI-powered robots including Miko Mini and Miko 3, priced between ₹15,000 and ₹25,000. Alongside hardware, the company drives recurring revenues through its premium subscription service, Miko Max, offering interactive learning and entertainment content. Miko claims to serve customers in over 140 countries, with strong traction in the US, Europe, and the Middle East. So far, it has raised over $75 million, including a $29 million Series B led by IvyCap Ventures. With AMDG-PAX Foundation set to hold 27.87% post-allotment stake, the round marks one of the largest fundraises in India’s consumer robotics space, underlining investor confidence in education-focused AI and robotics.
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