Sneh Vaswani on venture capital
From How Miko is Redefining Smart Parenting | Sneh Vaswani at Stride Forward · · Stride Forward
“They've taken aggressive bets with Miko at times when we needed capital through co and other scenarios and so on and through those days how we come out of it and they've been extremely supportive through the growth cycle.”
On , Sneh Vaswani, Cofounder at Miko, spoke about venture capital during How Miko is Redefining Smart Parenting | Sneh Vaswani at Stride Forward on Stride Forward.
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.