Accel Joins $6.5 Million Series A Round In India's Mirana Toys
- Mirana Toys raises $6.5 million in Series A funding led by Arkam Ventures to scale manufacturing and accelerate global expansion.
- The toy-tech startup will set up a new advanced factory and expand design and sales teams to meet rising domestic and international demand.
- With AI-enabled toys and full in-house production capabilities, Mirana aims to leverage the China-plus-one shift and strengthen its position in the global tech toy market.
Mirana Toys is an India-based fast-emerging toy-tech startup that has secured $6.5 million (₹57.5 crore) in a Series A funding round led by Arkam Ventures, with participation from existing investors like Accel, Info Edge, and Riverwalk Holdings.
Infusing fresh capital will gear up the company's expansion plans, including setting up a new factory fitted with advanced injection molding and die-casting machines, along with in-house packaging lines, aimed at boosting monthly production capacity towards both the growing domestic market and international export demands.
Mirana Toys, founded in 2021, has rapidly developed into a vertically integrated player that controls the whole lifecycle of a product, from 3D design and prototyping to tooling, electronics assembly, and final production.
Its portfolio comprises smart educational toys, including AI-enabled robots, augmented reality remote-controlled cars, STEM kits, and hobby-grade RC vehicles. With tight control over design, tooling, electronics, and assembly, the company guarantees premium product quality and rapid iteration toward global standards.
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This funding also allows the company to extend its design and sales teams, especially towards international growth. Mirana is well-positioned to tap into the 'China-plus-one' supply chain diversification trend, with about 40% of its current orders shipped to the United States and a robust pipeline from Europe.
In addition, it's moving forward with discussions with distributors in the Middle East and Africa, further strengthening its global position. According to experts in the industry, Mirana's unique position is that it can control every critical stage of production independently, which allows for quicker turnaround times and flexible customization-strengths that will help it compete in the rapidly growing global tech toy market.
Therefore, with the Indian tech toy segment expected to grow manifold over the next decade, Mirana will pursue becoming a key partner for global brands and showcase India's manufacturing prowess on the world stage.
