Dashverse raises $13 million to power GenAI content
It plans to strengthen the core AI technology and drive product innovation for AI-generated, mobile-first storytelling
Dashverse, an artificial intelligence (AI) entertainment company, which develops platforms for mobile-first entertainment, has announced the closing of a $13 million Series A funding round.
The investment was led by Peak XV Partners, with participation from Z47 (formerly Matrix Partners India) and Stellaris Venture Partners.
The funding comes as DashReels, the company’s new micro drama application, surpassed five million downloads within a month of launch.
Dashverse’s platforms have over 20 million users worldwide.
The fresh capital will strengthen the company’s core AI technology and drive product innovation for AI-generated, mobile-first storytelling.
The Bengaluru-headquartered company stated that the demand for mobile-native episodic content such as micro dramas was growing globally, creating a significant opportunity for storytelling in entertainment format.
The company first proved its model with Dashtoon, an AI-powered platform for creating and distributing digital comics. Soon, it adopted an integrated approach to video with Frameo.AI, enabling creators to generate high-quality serialised content. This was followed by DashReels to distribute mobile-first micro dramas.
Founded in 2023 by Sanidhya Narain, Lalith Gudipati, and Soumyadeep Mukherjee, Dashverse enables creators to develop, publish, and monetise stories across formats such as comics and micro dramas.
Commenting on the fundraise, Narain, co-founder and chief executive officer, said, “We are entering a new era where content creation is no longer gated by resources but by imagination. 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, serialised content becomes the default, not the exception.”