With participation from Accel, Info Edge, and Riverwalk Holdings, Mirana Toys has raised Rs 57.5 crore ($6.9 million) in Series A funding headed by Arkam Ventures.
Key Highlights
- Mirana Toys secured ₹57.5 crore in its Series A funding round led by Arkam’s strategic investment.
- The new funding will support Mirana Toys’ expansion, product innovation, and scaling operations across key markets.
The money raised will be utilized to establish a new factory with internal packaging lines and die-casting and injection-molding equipment. Production will rise as a result to satisfy both domestic and international demand. In order to grow internationally, Mirana will also increase the size of its design and sales teams.
Mirana, which was founded in 2021 by Devansh Sharma and Ravi Yadav, creates educational toys, STEM kits, AR-enabled RC cars, and AI-enabled robotics. With internal quality control, the company oversees every step of the process, from 3D design and prototyping to electronics integration and assembly.
In terms of design, electronics, tooling, molding, assembly, and compliance, Mirana runs a vertically integrated system. This enables the business to meet the need for intelligent and instructive toys around the world.
Also Read: Neo Secures $25 Mn Funding in Round Led by Crystal Investment
In addition to an order pipeline from the US and Europe, it has collaborations with Indian automakers for licensed toys. Mirana is in talks with distributors in the Middle East and Africa, and exports to the US account for about 40% of overall demand.
Mirana items can be found in more than 3,000 Indian retail locations as well as on popular e-commerce and quick-commerce websites. Mirana Toys are used by over a million kids globally.
