Miko, the Indian child companion robot maker, is raising Rs 1,325 crore ($155 million) in its Series D round from AMDG-PAX Foundation, a US-based non-profit organization. The company operates under RN Chidakashi Technologies Private Limited and recently issued 22,465 preference shares at Rs 5.9 lakh each, according to its filing with the Registrar of Companies (RoC).
The fresh capital is aimed at supporting business requirements and general corporate purposes, with the company’s post-money valuation estimated at $550 million, representing a 2.7x jump from its previous round.
Founded with a focus on AI-powered child companion robots, Miko offers products such as Miko Mini and Miko 3 priced between Rs 15,000–25,000, alongside its premium Miko Max subscription to drive recurring revenue. The company claims a global presence, serving customers across 140 countries, including the US, Europe, and the Middle East.
So far, Miko has raised over $75 million, including a $29 million Series B round led by IvyCap Ventures. Post-allotment, AMDG-PAX Foundation will hold 27.87% of the company.
Financially, Miko’s Indian entity reported a 58% growth in revenue in FY24 to Rs 358 crore, up from Rs 225 crore in FY23, while posting losses of Rs 120 crore. The firm has yet to file its FY25 annual report.
In India, Miko competes with companies such as PlayShifu, Avishkaar, and WitBlox, in the growing AI-powered educational and companion robot segment. With the Series D infusion, Miko aims to scale production, expand subscription adoption, and strengthen its global footprint, positioning itself as one of the leading players in AI-driven educational robotics.
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