Mumbai-based global robotics startup Miko has said it has raised $28 million in IIFL AMC led Series B funding round. The round saw participation from Aroa Ventures – family office of OYO founder Ritesh Agarwal, Mankind Pharma Family Office, Asian Paints’ Manish Choksi, among other investors.
Existing investors including IvyCap Ventures, YourNest Capital, Chiratae Ventures, Bruno E Raschle from Schroder Adveq, along with Keshav R Murugesh, (ex-chairman of NASSCOM) also participated in the latest round.
Vikrant Sibal, Senior Executive Vice President at IIFL AMC, commented, “We are delighted to witness such a solid technology and product platform built in India and catering to global markets. With a global play and sound fundamentals, they have ensured a consistent growth trajectory in the years to come. Very excited to partner with them!”
Rajeev Juneja of Mankind Pharma Family Office said, “The company has showcased consistent capital-efficient growth amidst the pandemic. The founders, Sneh, Chintan and Prashant are very passionate about Miko and have successfully achieved multiple milestones. We are thrilled to be part of the onward journey”
“Miko has demonstrated strong retention metrics along with consistent and sustainable growth. We are clocking nearly a million interactions every 48-72 hours, and are on track to register 500 percent YoY growth in revenue. We are elated to welcome all our Series B investors in this journey, and highly appreciate the support from all existing investors,” added Sneh R Vaswani, Co-founder and CEO of Miko.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.