Team StartupCity

• Mirana Toys secures Rs 57.5 crore Series A round led by Arkam Ventures
• Funds to support a new factory, higher production, and global expansion
• Startup to strengthen design and sales teams for international markets

Mirana Toys, the Bengaluru-based smart toys manufacturer, has raised Rs 57.5 crore ($6.9 million) in its Series A funding round. The round was led by Arkam Ventures, with Accel, Info Edge, and Riverwalk Holdings also participating. The company plans to use the capital to ramp up production and accelerate its global growth strategy.

With the new funds, Mirana will set up a state-of-the-art factory equipped with injection-molding and die-casting machinery, along with in-house packaging lines. This expansion is expected to significantly boost output to meet rising demand from both Indian and international markets. The company will also grow its design and sales teams to support deeper global penetration.

Founded in 2021 by Devansh Sharma and Ravi Yadav, Mirana Toys builds AI-powered robots, AR-enabled RC cars, RC vehicles, STEM learning kits, and educational toys. The startup follows a fully integrated approach, handling everything from 3D design and prototyping to electronics development, molding, assembly, and quality testing under one roof. This vertical integration helps Mirana maintain consistent quality and quickly respond to market needs.

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Mirana already works with leading Indian automobile brands to produce licensed toys and is building a strong order pipeline in the US and Europe. Currently, exports to the US account for about 40% of its international demand, and the company is in talks with distributors in the Middle East and Africa.

In India, Mirana’s toys are sold in more than 3,000 offline stores and across major e-commerce and quick-commerce platforms. The company says over one million children worldwide use its products.