Children-focused robotics startup Miko acquired 70% stake in AI-enabled gaming startup Square Off

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Children-focused robotics startup Miko acquired 70% stake in AI-enabled gaming startup Square Off

Children-focused robotics startup Miko acquired 70% stake in AI-enabled gaming startup Square Off. According to a statement, the acquisition by Miko will provide an exit for Square Off’s existing investors. The acquisition cost, however, was not disclosed.

Square Off connects and challenges online players all over the world. It provides its users with automated chess board games. Miko’s product offerings will benefit from the acquisition. As part of the agreement, Square Off’s leadership will continue to lead the company. The startups hope to generate more than $100 million in revenue by 2023. According to a Deloitte report, the Indian online gaming industry is expected to reach $2.8 billion this year (2022).

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Children-focused robotics startup Miko acquired 70% stake in AI-enabled gaming startup Square Off. According to a statement, the acquisition by Miko will provide an exit for Square Off’s existing investors. The acquisition cost, however, was not disclosed.

Square Off connects and challenges online players all over the world. It provides its users with automated chess board games. Miko’s product offerings will benefit from the acquisition. As part of the agreement, Square Off’s leadership will continue to lead the company. The startups hope to generate more than $100 million in revenue by 2023. According to a Deloitte report, the Indian online gaming industry is expected to reach $2.8 billion this year (2022).

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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