Miko To Raise $151 Mn From AMDG-PAX Foundation

Emotix has received board approval to raise around INR 1,325.37 Cr ($151 Mn) from AMDG-PAX Foundation through issuance of preferential shares

Its board approved the issue of 22,464 Series D2 CCPS to AMDG-PAX Foundation at an issue price of INR 5,90,000 per share on March 28

Founded in January 2015 by IIT Bombay alumni Chintan Raikar, Prashant Iyengar and Sneh Vaswani, Emotix develops educational and recreational robot toys for children

Mumbai-based robotics company…