Dashverse, an AI entertainment startup, has raised $13 million (about INR 108.3 crore) in a Series A funding round led by Peak XV Partners.
Existing investors Z47 (formerly Matrix Partners India) and Stellaris Venture Partners also took part in the round.
The company will use the funds to improve its AI technology, develop new products, and expand its global reach among creators.
Last year, Dashverse raised $5 million in seed funding from Z47 and Stellaris Venture Partners.
“We’re entering a new era where content creation is no longer gated by resources, but by imagination,” said Sanidhya Narain, Co-founder and CEO of Dashverse. “Just as camera phones turned everyone into a creator and unlocked platforms like Instagram and TikTok, generative AI will do the same for storytelling, but with far more powerful formats. This funding fuels our mission to build the creative infrastructure for this shift where mobile-first, serialized content becomes the default, not the exception.”
“The creator economy is undergoing a seismic shift driven by generative AI, and Dashverse is at the very heart of this transformation,” said Abhishek Mohan from Peak XV. Their unique approach, which combine proprietary AI with a deep understanding of storytelling and creator workflows, sets them apart.”
Founded in 2023 by Sanidhya Narain, Lalith Gudipati, and Soumyadeep Mukherjee, Dashverse started with Dashtoon, an AI-powered digital comics platform, and later expanded into AI-generated video content with Frameo.AI.
Its newest product, DashReels, shares these short dramas with audiences around the world. Together, all its platforms have over 20 million users globally.
Currently available only in Hindi, the app will add Tamil and Telugu this month, with 10 more languages planned in the coming months.
It uses a subscription model and shares revenue with creators—similar to YouTube—based on the number of views their videos get.
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