Tech entertainment startup Mythik raises $5M

Mythik, a technology-led entertainment startup founded by Jason Kothari, has raised an additional $5 million from a group of investors.

According to a statement from the company, the new investors include Harsh Jain, Founder & CEO, Dream11; Rajat Gupta, Former Global MD McKinsey & Co-founder, ISB; Zubin Bharti Mittal, Bharti Mittal Family Office; Ishan Sinha, Head of Private Investing, Point 72, a global investment firm with over $50 billion in AUM; Blume Founder’s Fund, part of Blume Ventures, a venture capital firm; and Rooshabh Shah, MD, SVAR Projects.

The funding round also saw participation from existing investors including Sakal Media Group, a media group led by Abhijit Pawar; Jason Kothari, Founder & CEO, Mythik; Anirudh Patni, Patni Family Office; Samarth Parekh, Parekh Family Office; and Samir Vora, former Group CEO, Enam Asset Management.

Mythik said the funding was raised at a valuation of over $50 million. This startup had raised $15 million in seed funding last year.

The startup is building a tech-first entertainment platform with a vision to bring Eastern mythology, history, and folktales to a global audience.

Mythik's founder & CEO Jason Kothari said, “We are pleased to welcome a new group of exceptional investors who bring global perspective, networks and strategic value, as well as deepen our partnership with existing investors. This continued support reinforces our vision to build a category-defining tech-first global entertainment company, rooted in the rich storytelling of Eastern mythology, folktales and history.”