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. 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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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).

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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