Mirana Toys, a toy-tech startup blending smart-toys and manufacturing scale, has raised ₹57.5 crore in a growth round led by Arkam Ventures, with participation from Accel, Info Edge and Riverwalk Holdings. The company plans to expand manufacturing capacities, accelerate product R&D, and push into international markets.

Mirana is using technology to reduce production lead times and add interactive features to toys aimed at both domestic and export markets. This sizable raise underscores growing investor appetite for category-defining consumer hardware brands that combine design, software interactions, and scalable manufacturing—an area India is increasingly targeting to build export-ready “made-in-India” consumer tech hardware.