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Robotics startup Miko secures Rs 23 crore from Stride Ventures and others

Global Robotics leader, Miko has raised Rs 23 crore in its pre-Series B round funding from Stride Ventures and few others.

Led by Stride Ventures, the new round funding also saw the participation of its existing investors as Chiratae Ventures, YourNest Venture Capital, and Keshav Murugesh (Chairman of Nasscom).

In a statement issued, the firm said, “As a part of the investment, stride ventures will be joining as a strategic partner in the company’s journey.”

Founded in 2015, by Sneh R Vaswani, Prashant Iyengar, and Chintan Raikar, along with global experts in engineering, mathematics design, and education.

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Miko is a robotics company that focused on creating emotional intelligent solutions that solve the imminent needs of society.

Speaking on the investment in Miko, Ishpreet Gandhi, Founder & Managing Partner, Stride Ventures, said, “At Stride, it is our mission to make the credit ecosystem more accessible to startups. The investment in Miko represents Stride’s commitment to enabling frontier technologies that have the potential to disrupt the status quo.”

“We are proud to be associated with a company that is revolutionizing pedagogy through interactive IoT,” Ishpreet said.

Commenting on the fundraise, Sneh R Vaswani, Co-Founder & CEO of Miko, said, “Our growth journey till Miko 2 was about creating a product that meets the needs of today’s parents who seek a positive and trusted gateway of technology. Miko 2 has now evolved into a powerful content subscription platform with global content alliances. We are on track to surpass the 100,000 user mark in the coming quarters with Miko 2 hosting hundreds of applications and use cases.”

“It’s very encouraging for the entire Miko team to build a global consumer technology brand out of India. In our journey, we are very pleased to partner with Stride Ventures and are looking forward to a long-term relationship,” Sneh added.