India Deal Monitor: Stride Ventures leads funding in Miko and more updates

Mumbai-based Miko, a robotics startup focused on creating emotionally intelligent solutions, has raised about $3.1 million (Rs23 crore) in its pre-Series B funding round led by Stride Ventures, as per an announcement on Monday.

Existing investors including Chiratae Ventures, YourNest Venture Capital, and a group of angels led by former Nasscom chairman Keshav Murugesh also participated in the round.

Miko plans to use the fresh capital for product development and to form global alliances.

The startup was founded in 2015 by IIT Bombay graduates Sneh R Vaswani, Prashant Iyengar, and Chintan Raikar along with global experts in engineering, mathematics, design, and education. After the success of their first generation of Miko robots, 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.

“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 2 hosting hundreds of applications and use cases,” said Sneh R Vaswani, co-founder and CEO, Miko.

The startup claims to have expanded its user base to more than 90 countries.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from October 8-12, 2020.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals 
MikoMumbai3.1 millionPre-Series BStride VenturesChiratae Ventures, YourNest, Keshav MurugeshConsumer ElectronicsRobotics & Drones
NinjacartBengaluru--Walmart, Flipkart-Logistics/DistributionAgTech
RazorpayBengaluru100 millionSeries DGIC Pte, Sequoia IndiaRibbit Capital, Tiger Global, Y Combinator, Matrix PartnersFinancial ServicesFinTech
PakkaProfileBengaluru-SeedJava CapitalLetsVenture, Akshay KothariInternetHR Tech
Gourmet GardenBengaluru--Incubate Fund India, Whiteboard Capital-AgribusinessAgTech
SatyuktBengaluru500,000SeedNabventures, Social Alpha-AgribusinessBig Data

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.