New Delhi, May 20 -- India-based entertainment startup Mythik has raised an additional $5 million in funding, taking its valuation to over $50 million as the company looks to expand its technology-driven global entertainment ambitions.

The latest round comes less than a year after the startup announced a $15 million seed round, which the company described as one of the largest seed investments in India's media-tech segment.

The new investors in the round include Harsh Jain, Rajat Gupta, Zubin Bharti Mittal, Ishan Sinha, Blume Ventures through Blume Founder's Fund, and Rooshabh Shah, among others.

Existing investors participating in the round included Sakal Media Group, the family offices of Anirudh Patni and Samarth Parekh, and former ...