Robotics Startup Miko Raises ₹23 Crore Led By Stride Ventures

NEW DELHI: Robotics start-up Miko raised ₹23 crore in a pre-series B round led by Stride Ventures. After the success of their first generation of Miko robot, the company launched Miko 2, a robot that can see, hear, sense, express, talk, recognise faces, remember names, identify moods, initiate a conversation and learn from its own environment to intuitively develop a bond with a child. “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,” said Sneh R Vaswani, co-founder and CEO, 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.”. Stride Ventures launched its maiden fund in 2019 with a target corpus of ₹500 crore and plans to invest in 35-40 startups over the next 3 years.