Dashverse raises $13 million led by Peak XV Partners
BENGALURU: AI-powered entertainment startup Dashverse has raised $13 million in a Series A funding round led by Peak XV Partners, with participation from existing investors Z47 and Stellaris Venture Partners.
The funding comes as DashReels, Dashverse's newly launched microdrama app, crossed 5 million downloads within a month of launch. Dashverse said the app is part of its broader ecosystem that includes Frameo.AI, a generative video studio, Dashtoon, a mobile comics app, and Dashtoon Studio, a web-based AI creator platform. The company said these products together have drawn over 20 million users globally.
Dashverse plans to use the funds to invest in core AI technology and product development aimed at mobile-first, serialised storytelling.
The company said it is addressing challenges in producing episodic content at scale, which it noted requires complex tools and significant resources.
'We are entering a new era where content creation is no longer gated by resources, but by imagination,' Sanidhya Narain, co-founder and CEO of Dashverse said. He added generative AI could do for storytelling what camera phones did for social media content.
Dashverse was founded in 2023 in Bengaluru by Narain, Lalith Gudipati, and Soumyadeep Mukherjee.
Abhishek Mohan, principal at Peak XV Partners, said the startup's proprietary AI combined with its understanding of storytelling and creator workflows positions it strongly in the sector. 'We were impressed by the team's execution, the rapid traction of their consumer apps, and their vision to build the engine for modern entertainment,' he added.
Stay informed with the latest
business
news, updates on
bank holidays
,
public holidays
, current
gold rate
and
silver price
.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 days ago
- Time of India
Healthcare focused startup Arintra raises $21 million in funding round led by Peak XV Partners
Academy Empower your mind, elevate your skills GenAI-native autonomous medical coding platform Arintra , headquartered in Texas, has raised $21 million in its Series A round of fundraising, which was led by Peak XV Partners The round also saw Endeavor Health Ventures, Y Combinator, Counterpart Ventures, Spider Capital, Ten13, and others in 2020 by Nitesh Shroff and Preeti Bhargava, Arintra builds an artificial intelligence(AI)-based system that automatically codes patient charts within hospital's electronic health records (EHRs).It helps health systems capture payments accurately by reducing coding errors, missed charges, and payment delays.'At Arintra, we bring together autonomous medical coding, clinical documentation improvement, and denial prevention in a single platform,' said Bhargava, who is also the CTO of Arintra, in a media release.'By helping providers document what was done, code what was documented, and properly support what was charged, we enable them to secure full, compliant reimbursement at a lower cost, with fewer delays and significantly less manual effort,' Bhargava company said the funds will be used to accelerate product development, scale its team, and open a new headquarters in the Bay Area (California) to meet rising demand as it expands across health systems and physician company claimed it has processed over $1 billion in healthcare charges and helped hospitals recover millions in lost revenue. At Mercyhealth, it reported a 5.1% revenue increase, a 43% drop in claim denials with work queues cleared in half the time, and coding costs cut by about is an integrated, non-profit healthcare system serving hospitals, clinics, and providing health insurance addition to cutting expenses, Arintra integrates with EHR systems such as Epic and Athena using an enterprise SaaS model.'Reimbursement in healthcare is fundamentally broken. Payers are moving fast, using policy and technology to shift more of the burden onto providers, but autonomous coding hasn't kept up,' said Shroff.
Time of India
4 days ago
- Time of India
Dashverse raises $13 million led by Peak XV Partners
Dashverse co-founders (L-R) Sanidhya Narain, Soumyadeep Mukherjee, Lalith Gudipat BENGALURU: AI-powered entertainment startup Dashverse has raised $13 million in a Series A funding round led by Peak XV Partners, with participation from existing investors Z47 and Stellaris Venture Partners. The funding comes as DashReels, Dashverse's newly launched microdrama app, crossed 5 million downloads within a month of launch. Dashverse said the app is part of its broader ecosystem that includes a generative video studio, Dashtoon, a mobile comics app, and Dashtoon Studio, a web-based AI creator platform. The company said these products together have drawn over 20 million users globally. Dashverse plans to use the funds to invest in core AI technology and product development aimed at mobile-first, serialised storytelling. The company said it is addressing challenges in producing episodic content at scale, which it noted requires complex tools and significant resources. 'We are entering a new era where content creation is no longer gated by resources, but by imagination,' Sanidhya Narain, co-founder and CEO of Dashverse said. He added generative AI could do for storytelling what camera phones did for social media content. Dashverse was founded in 2023 in Bengaluru by Narain, Lalith Gudipati, and Soumyadeep Mukherjee. Abhishek Mohan, principal at Peak XV Partners, said the startup's proprietary AI combined with its understanding of storytelling and creator workflows positions it strongly in the sector. 'We were impressed by the team's execution, the rapid traction of their consumer apps, and their vision to build the engine for modern entertainment,' he added. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Time of India
4 days ago
- Time of India
Luxury vacation rental startup Elivaas bags $10.4 mn in funding
MUMBAI: Luxury vacation rental platform Elivaas has bagged Rs 87 Crore (about $10.4 Million) in funding led by Vertex Ventures Southeast Asia & India. Existing investors Peak XV Partners (through Surge) and 3one4 Capital also backed the round. The company will use the capital to deepen its market reach by increasing its exposure to leisure and business travel destinations across India. ELIVAAS also aims to expand its global footprint and strengthen brand visibility in India and international markets, reinforcing its position as a leading player in the luxury vacation rental ecosystem. The Startup will also use portions of funds to invest in technology. "This round will enable us to not only grow aggressively in India but also lay the groundwork for international expansion. Our focus remains on leveraging technology to ensure seamless, high-quality experiences at scale while strengthening Elivaas as a trusted brand in luxury travel," said founder & CEO Ritwik Khare. Founded in 2023 by Khare and Karan Miglani, Elivaas aims to capitalise on second home ownership and luxury travel. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
