Mirana Toys raises Rs. 57.5 crores through Series A round
Mirana Innovations Pvt Ltd (Mirana Toys), India-first toy-tech platform has raised Rs. 57.5 crores through Series A round as they scale manufacturing capacity, double down on exports to international markets and build a globally competitive.
Arkam Ventures led the round with participation from marquee names Accel, Riverwalk Holdings and Info Edge India Ltd.
India has a once in a generation opportunity to emerge as a global hub for toy manufacturing. Mirana is uniquely positioned to lead this shift by combining design-led thinking, strong IP creation and advanced, end-to-end manufacturing to deliver safe, high-quality toys for children across key global markets.
This raise marks the next chapter of their journey. Expanding manufacturing, strengthening export-led growth across the US, Europe and the Middle East, and accelerating innovation from India, for the world.
Mirana Toys plans to use the funds to set up a new factory, including the installation of injection-moulding and die-casting machines, along with in-house packaging lines. In addition, Mirana plans to expand its design and sales teams to accelerate international growth.
