AI Entertainment Startup Mythik Raises $5 Mn at $50 Mn Valuation

by · Inc42

SUMMARY

  • Mythik raised an additional $5 Mn to bolster its $15 Mn seed funding round last May, with its valuation now exceeding $50 Mn
  • The startup roped in new investors including Dream11’s Harsh Jain and the Blume Founder’s Fund, as well as existing investors including the Sakal Media Group and Patni Family Office
  • Founded by ex-Housing.com executive Jason Kothari, Mythik uses AI to create short videos based on Indian mythology and folklore