Robotics startup Miko, known for its intelligent child companion robots like Miko Mini and Miko 3, has secured $155 million (₹1,325 crore) in its latest Series D funding round from AMDG-PAX Foundation, a U.S.-based non-profit. The deal values Miko at approximately $550 million—a 2.7× jump from its previous valuation
Funding Mechanics & Shareholding
- The company will issue 22,465 preference shares at ₹5.9 lakh per share to raise the funds
- Post-funding, AMDG-PAX will hold 27.87% of the company
Why This Round Matters for Miko
1. Unprecedented Funding Milestone
This Series D round marks the largest single funding in Miko’s history, with over $75 million raised cumulatively before this round—including a $29 million Series B
2. Robust Growth Trajectory
The company’s latest filings reveal a 58% YoY revenue rise: from ₹225 crore (FY23) to ₹358 crore (FY24). However, net losses stood at ₹120 crore in FY24
3. Hybrid Business Model
Miko’s strategy combines hardware sales (robots priced between ₹15,000–25,000) with recurring subscription revenue via Miko Max. This model fosters customer retention and builds sustainable income streams
4. Global Market Penetration
Miko claims a global presence across 140+ countries, spanning the US, Europe, and the Middle East Entrackr
5. Funding Purpose & Future Focus
The fresh capital will bolster R&D, strengthen subscription offerings, expand international footprint, and support general corporate needs
Broader Context: From Series B to Series D
| Funding Round | Year | Amount Raised | Lead Investor(s) | Post-Valuation / Notes |
|---|---|---|---|---|
| Series B | 2021 | $28M | IIFL AMC, Mankind Pharma, others | Elevated subscription revenues |
| Series C | 2024 | ~$2.5M | Angel investors + Moneycrew Fintech | Valuation grew to ~$206M |
| Series D | 2025 | $155M | AMDG-PAX Foundation | Valuation soared to ~$550M |
What’s Next for Miko?
With a strengthened balance sheet, Miko is well-positioned to:
- Accelerate its AI-driven product innovation
- Expand subscription services
- Deepen international market penetration
- Edge closer to profitability despite earlier losses
This funding milestone signals Miko’s transition from national ambition to global leadership in child robotics.
