Daily Indian Funding Roundup & Key News – 7th November 2025: Miko Raises $10.5 Mn, Pine Labs Secures ₹1,754 Cr, Lenskart’s GMP Drops 70% & More
India’s startup ecosystem witnessed a mix of funding activity and market developments on 7th November 2025. Robotics startup Miko secured fresh capital from global media giant iHeartMedia, while fintech major Pine Labs raised significant anchor investments ahead of its IPO. Meanwhile, eyewear brand Lenskart made headlines as its grey market premium (GMP) plunged 70% before listing, signaling investor caution despite strong fundamentals. Here’s a quick look at the day’s key funding rounds and business highlights.
Daily Indian Funding Roundup - 7th November 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Miko | US$ 10.5 Mn | (Undisclosed early round) | iHeartMedia (USA) | Robotics / AI-enabled companion robots for children |
| Pine Labs | INR 1,754 Cr | Anchor investor placement ahead of IPO | Morgan Stanley, Nomura, SBI MF, others | Fintech / Merchant payments & checkout solutions |
Miko raises US$ 10.5 Mn led by iHeartMedia
Robotics startup Miko (Mumbai-based) has secured US$ 10.5 million (approx. Rs 93.5 crore) in a funding round led by US audio-media major iHeartMedia. The company develops AI-powered companion robots for children that combine hardware, software and content, and will reportedly integrate iHeartMedia’s audio content in its devices.
Pine Labs raises INR 1,754 Cr from Morgan Stanley, Nomura & other anchor investors
Fintech firm Pine Labs has raised approximately INR 1,754 crore from anchor investors just ahead of its IPO. The round saw participation from leading global and domestic investors including Morgan Stanley and Nomura. Pine Labs operates in the merchant payments and checkout solutions sector.
Key Business News for 7th November 2025
Lenskart’s GMP falls 70% before listing
Lenskart’s grey market premium (GMP) dropped nearly 70% ahead of its IPO listing, indicating reduced investor enthusiasm. Despite strong revenues and profitability, analysts attribute the fall to high valuations, profit driven by non-core income, and the largely secondary nature of the IPO where most proceeds go to existing shareholders. The GMP fell from around INR 108 to nearly INR 30, signaling that potential listing gains may remain muted.
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