Sneh Vaswani on investment
From Episode 12: In Conversation with Sneh Vaswani, Founder & CEO, Miko · · chlorophyll brand and communications consultancy
“Most Indian investors feared deep technology because of the long gestation period, but those who have been operating business leaders themselves have continued to back us strongly.”
On , Sneh Vaswani, Cofounder at Miko, spoke about investment during Episode 12: In Conversation with Sneh Vaswani, Founder & CEO, Miko on chlorophyll brand and communications consultancy.
About Sneh Vaswani
Sneh Vaswani, co-founder and CEO of Miko, has described the company as a deep-tech consumer robotics firm built out of India that focuses on the social and emotional well-being of children. He has stated that Miko's core technology, including its own large language model, was developed in-house over a decade. Vaswani has said the company has shipped roughly half a million devices to over 140 countries and has partnerships with retailers including Walmart, Kohl's, and Costco. He has noted that Miko is approaching profitability and targeting an IPO in about 24 months, while growing at a compound annual growth rate of 60–70%. Vaswani has spoken about the challenges of building a hardware startup, recounting that he pitched to approximately 500 investors before receiving funding, and that the company spent 2.5 years with zero revenue while running 23 product pilots. He has attributed Miko's capital efficiency to building in-house tools that reduced customer acquisition costs by 80% year-on-year. Vaswani has also highlighted the company's privacy stance, stating that the majority of data is processed on the device and that Miko does not market to children or use their data for commerce. He has expressed a goal of entering 100 million homes and building a billion-dollar robotics and AI company from India.