Miko Gets Shareholders’ Nod To Raise INR 28 Cr Via Preferential Issue

Miko, a child-focused robotics startup, has secured shareholder approval to raise INR 28 crore via a preferential issue of shares. The funds are intended to fuel the company’s expansion plans and enhance its technological capabilities. This development marks a significant step in Miko’s growth trajectory, demonstrating investor confidence in its innovative offerings. The capital infusion is expected to support the company’s product development and market penetration efforts. The fundraising also underscores the increasing investment interest in robotics and AI-driven startups catering to niche markets. It highlights the role of shareholder backing in enabling startups to scale operations and achieve long-term sustainability in competitive industries.