Robotics firm Miko raises $28 mn from existing and new investors

The new funds will be used to fund product development and strengthen global alliances as the company builds a strong global brand.

India-based robotic firm Miko has raised $28 million, led by IIFL AMC, Mankind Pharma Family Office, Aroa Ventures – family office of OYO founder Ritesh Agarwal, Manish Choksi from Asian Paints and a clutch of global investors. 

All existing institutional investors including IvyCap Ventures, Chiratae Ventures, YourNest Capital, Bruno E. Raschle from Schroder Adveq and long-standing digital evangelist Keshav R. Murugesh, (former chairman of National Association of Software and Services Companies) participated in the round. This round comes within four months of the previous round led by Ivycap Ventures and has witnessed a 200 per cent subscription from its targeted