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LocalHost raises $2.5 Mn from InVideo, RedBull India, and others

EntrackrEntrackr · 5d ago
LocalHost raises $2.5 Mn from InVideo, RedBull India, and others
Medial

LocalHost raises $2.5 Mn from InVideo, RedBull India, and others LocalHost, a launchpad for startups, has raised $2.5 million in an angel funding round from InVideo, RedBull India, Anthropic, and Eros International to expand its global founder labs and support early-stage startups. The fresh funds will be used to expand infrastructure, strengthen hardware capabilities, scale operational teams across regions, and support additional early-stage founder cohorts globally, the company said in a press release. Co-founded in 2023 by Kei Hayashi, Suhas Sumukh, and Hardeep Gambhir, LocalHost operates in-person labs designed as a launchpad for young technical and creative founders building at the intersection of media, software, and hardware. In India, LocalHost runs a 50-day founder lab in Bengaluru, selecting 15 founders per cohort. Participants work on projects ranging from AI agents and robotics to India-native language models and multidisciplinary media products. Beyond India, LocalHost operates labs in Tokyo and Cluj-Napoca, with expansion underway in San Francisco, alongside hardware-focused labs planned in Japan and France. The labs provide shared workspaces, access to hardware, operational support, and a community fund designed to remove small execution barriers. Since launching its India lab, LocalHost claims to have hosted cohorts attended by over 30 venture partners and ecosystem participants. Startups emerging from the program include Maya Research, Prava Payments, Dawn Labs, Whisperwave, Markov, and Flashmates.

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Exclusive: Miko raises fresh capital at over $200 Mn valuation

EntrackrEntrackr · 1y ago
Exclusive: Miko raises fresh capital at over $200 Mn valuation
Medial

Robotics firm Miko, a product of Emotix, has raised Rs 20.5 crore (approximately $2.5 million) in a new round from a group of angel investors. This fresh equity infusion comes after a two-year hiatus for the Mumbai-based company. The board at Miko has passed a special resolution to issue 679 Series C CCPS at an issue price of Rs 3,02,695 each to raise Rs 20.55 crore or $2.5 million, its regulatory filing accessed from the Registrar of Companies shows. Moneycrew Fintech injected Rs 4.5 crore while the rest of the sum was poured in by angel investors including Amrapali B Doshi, Sanjiv Sarita, Amit Jain, Satyam Sinha, Inderjit Kaur Arora, and others. According to TheKredible’s estimates, the company has been valued at around Rs 1,711 crore or $206 million post-allotment. This is a 2.3X jump in the valuation as compared to its last equity round. Miko creates emotionally intelligent robots that leverage artificial intelligence and the Internet of Things (IoT) in developing its flagship brands Miko, Miko 2 and Miko 3. After the success of its first-generation robots, the company launched an advanced version that uses voice-recognition technology to see, hear, sense, express, talk, and recognize faces. Miko has raised over $60 million to date including its $29 million Series B round led by Ivycap Ventures in 2021. According to the startup data intelligence platform TheKredible, prior to this round Chiratae Ventures was the largest external stakeholder with 13.77% followed by IvyCap Ventures with 13%. See TheKredible for the complete shareholding pattern. The Chiratae-backed startup showcased impressive 2.3X growth to Rs 225 crore in FY23 from Rs 95 crore in FY22. However, the bottom of the company stood at Rs 108 crore in FY23. Miko is yet to file annual results for FY24.

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