🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Jason Kothari’s new startup Mythik raises $15 Mn in Seed round

EntrackrEntrackr · 3m ago
Jason Kothari’s new startup Mythik raises $15 Mn in Seed round
Medial

Jason Kothari, the former Snapdeal executive, has raised $15 million in a seed funding round for his new startup, Mythik. The round saw participation from Sakal Media Group, BITKRAFT, VC Grid, Visceral Capital, Jason Kothari, Shah Rukh Khan’s family office, Patni family office, Saif Saeed Ghobash, Jayanti Kannai, Pravin Jain, Marc Younan, Deepen Parikh, Samir Vora, Samarth Parekh, Anurag Goel, Nishant Aggarwal, and others. Launched by Kothari last month, Mythik is a tech-first global entertainment company aiming to bring Eastern mythology, history, and folktales to a worldwide audience for the first time and to create a "Disney from the East." Jason Kothari, Founder of Mythik, said, “We are excited about the world-class and strategic investors we have brought together and look forward to realizing Mythik’s vision and mission—to bring Eastern mythology, history, and folktales to the forefront of global entertainment and inspire happiness, peace, and hope.” The company’s founding team includes former senior executives from Disney, Netflix, Amazon Studios, Jio, and Tencent. Kothari’s entrepreneurial journey began at Wharton, where he acquired the bankrupt comic book publisher Valiant Entertainment and led its turnaround. He later sold the company to DMG Entertainment for $100 million and served as executive producer of Bloodshot, a film based on a Valiant character, starring Vin Diesel. Kothari joined Housing.com in 2015 and was named CEO following the exit of founding CEO Rahul Yadav. He later served as CEO of FreeCharge for eight months and as Chief Strategy and Investment Officer at Snapdeal for one and a half years.

9

Related News

Mythik appoints former Jio Games head Sidharth Kedia as COO

EntrackrEntrackr · 1d ago
Mythik appoints former Jio Games head Sidharth Kedia as COO
Medial

Mythik appoints former Jio Games head Sidharth Kedia as COO. Mythik, an entertainment company founded by former Housing.com CEO Jason Kothari, has appointed Sidharth Kedia as Chief Operating Officer, where he will lead operations and strategic finance. Kedia is an experienced media, entertainment, and gaming business leader, who was Head of Jio Games, Chief Strategy Officer of Viacom 18, and CEO of Nodwin, South Asia’s leading esports company. Kedia had also a stint at Reliance Chairman Mukesh Ambani’s office, where he led the Project Management Office for Jio’s telecom launch and was also responsible for integrating Network 18 into RIL. “Jason’s ambitious vision for Mythik aligns with how I’ve always imagined our own mythological universe’s potential from both a creative and business standpoint. Since childhood, I’ve been captivated by these stories my grandparents told me and as a huge Marvel fan, I’ve often wondered why our superheroes never got the global spotlight they deserve. We plan to change that at Mythik,” said Kedia. Mythik is a tech-first global entertainment company with a vision to bring Eastern mythology, history, and folktales to a worldwide audience for the first time and create the ‘Disney from the East’. Soon after the launch in April, the company raised $15 million in a seed funding round from Sakal Media Group, BITKRAFT, VC Grid, Visceral Capital, Jason Kothari, Shah Rukh Khan’s family office, and others.

Billion Hearts raises $4 Mn in new round

EntrackrEntrackr · 9m ago
Billion Hearts raises $4 Mn in new round
Medial

Mayank Bidawatka, co-founder of the vernacular microblogging platform Koo, has raised $4 million for his new consumer tech startup, Billion Hearts, in a funding round led by early-stage venture capital firm Blume Ventures. The round also saw participation from General Catalyst and Athera Venture Partners. The startup had closed a ~$250K pre-seed round from the founders of redBus, Ola, InMobi, and Myntra, among others in September this year. The proceeds will be used to build a global team and enhance its technology, emphasizing that the team will remain small since it is focused on creating a tech-driven product. It also plans to expand its team to 15 by early next year. The startup is currently accepting sign-ups. The first product is slated to launch its beta in early next year for a select few users. The app will be available on both Android and iPhone devices. Vernacular microblogging platform Koo shut down its operations in July this year amid no traction and follow-up investment. The company was also looking for a merger and acquisition deal but failed to find a buyer.

Deeptech startup ALT CARBON raises $12 Mn in seed round

EntrackrEntrackr · 3m ago
Deeptech startup ALT CARBON raises $12 Mn in seed round
Medial

Deeptech startup ALT CARBON has raised $12 million (about Rs 102.8 crore) in a seed funding round led by Lachy Groom along with participation from Shastra VC and other angel investors such as Jason Zhao, Amrendra Singh, Tanmay Bhat, Arjun Soin, Nakuul Mehta, Arjun Ramani, Advaith Vishwanath, and Rahul Seth. The fresh funds will be allocated towards building new projects which enable carbon dioxide removal (CDR) across South Asia and spending on research and development. Founded by Shrey and Sparsh Agarwal in 2023, ALT CARBON helps farmers and scientists in utilizing dormant lands as carbon removal sinks. It aims to leverage technologies like Enhanced Rock Weathering in making South Asia a hub for CDR. With this round, the Bengaluru-based startup plans to improve its science, conduct advanced R&D, collect high-quality data, and create Machine Learning models that accelerate its operations. Its flagship project, the Darjeeling Revival Project (DRP), aims to revive degraded soils, restore livelihoods, and rebuild ecosystems in Darjeeling, India. ALT CARBON aims to remove 5 million metric tons of CO2 by 2030 and become a leader in CDR in South Asia. The startup collaborates with local agricultural communities and organizations like Frontier and Shopify. ERW not only removes CO2 but also improves soil health, potentially boosting crop yields and supporting local livelihoods.

Cautio raises $3 Mn in seed round led by Amal Parikh

EntrackrEntrackr · 15d ago
Cautio raises $3 Mn in seed round led by Amal Parikh
Medial

Snippets Cautio raises $3 Mn in seed round led by Amal Parikh AI-powered video telematics startup Cautio has raised $1.8 million in a new funding round led by Amal Parikh, with participation from 8i Ventures, AU Small Finance Bank, Venture Catalysts. This brings its total seed round to $3 million. In April, the startup had raised $1.2 million as part of the same round. The proceeds will be used to enhance its R&D capabilities, scale its AI systems, and expand deployment and servicing infrastructure across India. Founded by Ankit Acharya and Pranjal, Cautio provides AI-powered dashcams for fleet operators that offer real-time safety alerts to prevent road accidents. The platform is used in public transport, school buses, and commercial fleets, helping operators detect and respond to risks instantly. Cautio is currently active in 46 cities and has over 60 customers. It aims to make Indian roads safer by using predictive technology to reduce accident risks.

Admission startup Ambitio raises $2 Mn in seed round

EntrackrEntrackr · 5m ago
Admission startup Ambitio raises $2 Mn in seed round
Medial

Admission startup Ambitio raises $2 Mn in seed round Admissions startup Ambitio has secured $2 million in a seed funding round led by BLinC Invest along with participation from Ritu Bapna and other investors. Prior to this, the startup raised $187K in the same round from First Cheque and others. The fresh funds will be used to invest in technology and scale distribution channels, Ambitio stated. Co-founded in 2022 by Dirghayu Kaushik and Vikrant Shivalik, Ambitio is an AI-driven admissions platform leveraging over 10 million data points to provide a personalized admissions experience. It aims to match students to best-fit universities using real admission data. Ambitio claims successful admissions in top colleges like Harvard, Stanford, Columbia, and Oxford. It plans to help over 500,000 students access global education in the next two years and competes with startups such as Yocket, Gradvine, and MiMEssay.

Download the medial app to read full posts, comements and news.