Miko Raises INR 23 Cr In Pre-series B Round Led By Stride Ventures

Existing investors Chiratae Ventures, YourNest Venture Capital and NASSCOM former chairman Keshav Murugesh also participated in the round

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Mumbai-based startup Miko—founded in 2015 by IIT-Bombay graduates Sneh R. Vaswani, Prashant Iyengar and Chintan Raikar—has raised INR 23 crore in a pre-series B round led by Stride Ventures.

Existing investors Chiratae Ventures, YourNest Venture Capital and NASSCOM former chairman Keshav Murugesh also participated in the round.

The trio founded Emotix which focuses on creating emotionally intelligent solutions and its products leverage proprietary and state of the art artificial intelligence (AI), robotics and Internet-of-Things.

Launch Of Miko 2

After the success of their first generation of Miko, the robotics startup developed Miko 2—a puppy-sized companion robot for children. It uses AI and voice-recognition technology to see, hear, sense, express, talk and recognize faces. The widget tackles a multifaceted need-gap of education, technology, entertainment and hence is an enabler in effective parenting.

“Our growth journey till Miko 2 was about creating a product that meets the needs of today’s parents who seek a positive and trusted gateway of technology. Miko 2 has now evolved into a powerful content subscription platform with global content alliances,” said  Vaswani, co-founder and chief executive officer, Miko, in a statement. “We are on track to surpass the 100,000 user mark in the coming quarters with Miko 2 hosting hundreds of applications and use cases. It’s very encouraging for the entire Miko team to build a global consumer technology brand out of India. In our journey, we are very pleased to partner with Stride Ventures and are looking forward towards a

Indonesia’s AC Ventures Targets New $80 Million Startup Fund

(Bloomberg) — AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.



a crane next to a body of water with a city in the background: A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.


© Bloomberg
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

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AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than 100 tech ventures.

The firm will have a strategic alliance with Indies Capital, an alternative asset manager with more than $600 million of assets under management where Sjahrir serves as a managing partner. One of its funds, Indies Pelago, invests in late-stage technology startups in Southeast Asia.

With the new fund, AC Ventures plans to make an initial investment of as much as $3 million in each startup. It has put money into companies such as logistics startup Kargo and BukuWarung, a bookkeeping app built for 60 million micro-merchants in the country.

“With AC Ventures, we can invest across the spectrum — from very early-stage, to growth and late-stage startups,” Sjahrir said in an interview. “The Covid-19 era has shown entrepreneurs with grit, and investment companies that can put capital to work.”

Read more: Singapore’s Indies Raises $100 Million for Third Asian Fund

For more articles like this, please visit

AC Ventures Targets New $80 Million Indonesian Startup Fund

(Bloomberg) — AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.



a crane next to a body of water with a city in the background: A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.


© Bloomberg
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

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AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than 100 tech ventures.

The firm will have a strategic alliance with Indies Capital, an alternative asset manager with more than $600 million of assets under management where Sjahrir serves as a managing partner. One of its funds, Indies Pelago, invests in late-stage technology startups in Southeast Asia.

With the new fund, AC Ventures plans to make an initial investment of as much as $3 million in each startup. It has put money into companies such as logistics startup Kargo and BukuWarung, a bookkeeping app built for 60 million micro-merchants in the country.

“With AC Ventures, we can invest across the spectrum — from very early-stage, to growth and late-stage startups,” Sjahrir said in an interview. “The Covid-19 era has shown entrepreneurs with grit, and investment companies that can put capital to work.”

Read more: Singapore’s Indies Raises $100 Million for Third Asian Fund

For more articles like this, please visit

‘Sports D3’ (D-Cubed Ventures OU) Digital Assets Exchange Secures Operating License in the EU

‘Sports D3’ (D-Cubed Ventures OU)

'Sports D3' (D-Cubed Ventures OU)
‘Sports D3’ (D-Cubed Ventures OU)
‘Sports D3’ (D-Cubed Ventures OU)

TALLINN, Estonia, Oct. 08, 2020 (GLOBE NEWSWIRE) — ‘Sports D³’ (D-Cubed Ventures OU), a tokenization platform and digital assets exchange for the global sports industry, is pleased to announce that it has been granted an operating crypto-license by the Financial Intelligence Unit (FIU) of Estonia.

‘Sports D³’ provides professional sports teams with an innovative alternative to raising funds by facilitating crowd-formation of capital on its DLT-powered platform, where clubs are able to digitize, securitize and sell their assets to fan-investors in the form of Security Token Offerings (STO).

With the approval of a Virtual Currency Exchange and a Virtual Currency Wallet License, ‘Sports D³’ is now a fully regulated digital assets exchange, with the capability to deliver its solutions to sports clubs and their fans in 27 European jurisdictions. This milestone marks the next step in ‘Sports D³’ development and paves the way for securing the financial intermediary status and expanding into other continents.

Gene Swinton, Founder & CEO of ‘Sports D³’ said: “There are over 400 million football fans in Europe, who are not only among the most devoted fans in the world but who also happen to score higher in their ability to invest. We are delighted to be granted this license, as it will provide fan-investors with a simple, low-cost, fiat-to-crypto ON-ramp and enable their investment activities on the SD³ platform”.

“We will continue on our mission to democratize finances in the global sports industry, starting with the European football space. By providing professional football clubs in Europe with access to capital crowd-sourced from millions of fan-investors, SD³ heralds a new era for crowd-capital and its prominent role in the development of football,” concluded Mr. Swinton.

To learn more about the ‘Sports

Agri-tech Startup Ergos Raises INR 38.5 Cr In Series A Funding From Chiratae Ventures

Of the total capital, Chiratae Ventures led the round with INR 23.5 crore while Aavishkaar Capital invested an additional INR 15 crore

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Agritech startup Ergos has raised INR 38.5 crore in Series A funding round from Chiratae Ventures and Aavishkaar Capital.

Of the total capital, Chiratae Ventures led the round with INR 23.5 crore while Aavishkaar Capital invested an additional INR 15 crore.

The equity round is expected to reach INR 80 crore with another institutional investor set to pump more capital in the startup, as per the company’s official statement.

Ergos has been working on a unique farm-gate based technology driver Grainbank model for the small and marginal farmers in India. The start-up supports more than 20,000 farmers on its digital platform and has a physical footprint in more than 60 locations in Bihar.

“We are building the Ergos Grainbank to serve small and marginal farmers by leveraging technology and data science to disrupt the way farmers deal with their produce. We are extremely excited to have Chiratae on board and along with the continued support from Aavishkaar Capital, we intend to rapidly scale our geographic footprint and remain focussed to service farmers directly at farm-gate at over 2,000 Grainbank locations over the next few years,” said Ergos founder and chief executive officer Kishor Jha.

The model provides farmers with doorstep access of end-to-end post-harvest supply chain solutions by leveraging a robust technology platform to ensure seamless service delivery.  The tech platform functions like a bank and offers storage, digitisation, credit and liquidation facility to farmers through the single platform over