Mirana Toys raises Rs 57.5 crore in Series A round from Arkam Ventures, others

Ahmedabad-based toy-tech startup Mirana Toys in its Series A funding round led by early-stage venture capital firm Arkam Ventures.

The round also saw participation from Accel, Info Edge, and Riverwalk Holdings.

The company will use the funds to build a new manufacturing plant, start its own packaging lines, and increase monthly production for both local and international markets. It aims to grow its design and sales teams to speed up its global expansion.

Read also- LightSpeed Photonics raises $6.5M in pre-Series A round led by Pi Ventures

“With this funding, we will scale our infrastructure and technology to meet growing global demand,” said Devansh Sharma, co-founder and CEO of Mirana Toys. “Our goal is to make Mirana the most trusted toy tech partner for brands worldwide.”

"In India we are mostly B2C (business to conusmers). Whatever we manufacture we sell under our brand. We just put products online, the pricing is good, we have cost control, so it sells automatically. We are not doing much B2B in India except for Mahindra but for exports we are focused on OEM customers because they have the big brands and licenses," Sharma added.

Bala Srinivasa, managing director, Arkam Ventures, said, “Mirana will be able to take advantage of massive structural shifts in global toy supply chains. Unlike typical contract manufacturers, Mirana controls every critical stage — from design and tooling to electronics and assembly — allowing faster iteration, better sourcing control, and shorter lead times.”

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About Mirana Toys

Founded in 2021 by Devansh Sharma and Ravi Yadav, Mirana designs and makes AI-powered robots, AR-enabled RC cars, RC vehicles, STEM kits, and educational toys. The company handles everything in-house—from 3D design and prototyping to electronics integration, assembly, and quality control.

With a vertically integrated system covering design, electronics, tooling, molding, assembly, and compliance, Mirana meets global demand for smart and educational toys.

The company partners with Indian automobile brands for licensed toys and has orders from the US and Europe, with US exports making up about 40% of total demand. It is also in talks with distributors in the Middle East and Africa.

Mirana products are sold in over 3,000 stores in India and on major eCommerce and quick-commerce platforms, reaching more than one million children worldwide.

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