India, Nov. 7 -- Mumbai-headquartered robotics startup Emotix, the parent of AI-powered kids' robot brand Miko, has raised $10 Mn (INR 88.5 Cr) from US-based audio media giant iHeartMedia through the issuance of preferential shares.

According to filings with the Ministry of Corporate Affairs (MCA) accessed by Inc42, the company's board approved the allotment of 1,500 Series D2 CCPS at an issue price of INR 5.9 Lakh per share to iHeartMedia Management Services. The resolution was passed on October 31, 2025.

Beyond the funding, Miko and iHeartMedia have reportedly entered a strategic partnership that will see iHeart's expansive library of audio content integrated into Miko's interactive robots. As per a report by ET, the move is expected ...