India, Nov. 26 -- Tech-enabled toy startup Mirana Toys has raised INR 57.5 Cr (around $ 6.4 Mn) in a Series A round led by Arkam Ventures, with participation from Accel, Info Edge and Riverwalk Holdings.

The Pune-based company plans to use the fund to set up a manufacturing facility equipped with injection-moulding and die-casting machines, along with in-house packaging lines.

It plans to drive up the monthly output to meet a rising demand both in India as well as abroad. Mirana also plans to grow its design and sales teams as it accelerates international expansion across the US, Europe, the Middle East and Africa.

Founded in 2021 by Devansh Sharma and Ravi Yadav, Mirana designs and manufactures smart toys ranging from AI-powered robot...