Mirana Toys has raised Rs 57.5 crore ($6.9 million) in a Series A funding round led by Arkam Ventures, with participation from Accel, Info Edge and Riverwalk Holdings.
The company plans to use the funds to expand its manufacturing capabilities, including a new facility with advanced molding, die-casting and integrated packaging systems. The capital will also support Mirana’s design, engineering and international sales functions as it scales its presence in global markets.
Founded in 2021 by Devansh Sharma and Ravi Yadav, Mirana focuses on technology-led toys across robotics, AR, electronics and hands-on learning. The company manages its product lifecycle in-house, from design and prototyping to electronics development, assembly and quality control.
Mirana operates a fully integrated production setup with design studios, electronics labs, tooling and molding lines, along with compliance testing. This approach has helped the brand build relationships with international buyers seeking STEM and smart-toy offerings.
The company works with leading Indian automobile brands on licensed toy collections and continues to strengthen its order pipeline in the US and Europe, where American exports currently contribute about 40% of its volume. Mirana is also exploring distribution partnerships in the Middle East and Africa.
In India, Mirana products are available across more than 3,000 retail stores and leading ecommerce and quick-commerce platforms. More than one million children globally engage with Mirana’s tech-enabled toys.
