Mirana Toys, a toy manufacturer based in Bengaluru, has raised INR 57.5 crore (US$6.45 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 funding to set up a new manufacturing facility, launch its own packaging lines, and boost monthly production for both domestic and international markets. It also aims to expand its design and sales teams to accelerate global growth.
“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.”
Founded in 2021 by Devansh Sharma and Ravi Yadav, Mirana creates AI-powered robots, AR-enabled RC cars, RC vehicles, STEM kits, and educational toys.
The company handles every stage of production in-house—from 3D design and prototyping to electronics integration, assembly, and quality control.
With a fully integrated setup covering design, electronics, tooling, molding, assembly, and compliance, Mirana caters to the global demand for smart and educational toys.
The company collaborates with Indian automobile brands for licensed toys and fulfills orders from the US and Europe, with exports to the US accounting for around 40% of total demand. Mirana is also in discussions with distributors in the Middle East and Africa.
Its products are available in over 3,000 stores across India and on major eCommerce and quick-commerce platforms, reaching more than one million children worldwide.
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