Robotics firm Miko raises Rs 50 cr to fund product, geographical expansion

The firm now has a user base in more than 140 countries, and their engagement rose three times through the pandemic

Robotics firm Miko on Wednesday said it raised Rs 50 crore led by IvyCap Ventures, existing investors, Chiratae Ventures, YourNest Capital and former chairman of National Association of Software and Services Companies Keshav Murugesh.

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

Miko is also aiming for a portfolio of new products in the coming years. It now has a user base in more than 140 countries globally, and their engagement rose three times through the pandemic. The company is witnessing a massive surge in demand amidst the