India, May 20 -- AI-powered entertainment startup Mythik announced the raise of $5 Mn (Rs.48.4 Cr) in fresh funding from investors like Dream11 CEO Harsh Jain, Blume Founder's Fund, ex-McKinsey & Co Rajat Gupta, Bharti Mittal Family Office's Zubin Bharti Mittal, Point 72's private investing head Ishan Sinha and SVAR Projects' Rooshabh Shah.

Existing investors including Sakal Media Group, Patni Family Office, Parekh Family Office, also participated in the round. Mythik's founder and CEO Jason Kothari also participated in the fundraise.

With the round, Mythik claims that its valuation crossed the $50 Mn mark.

This round follows the startup's seed round last May in which it raised $15 Mn to scale up its content and tech stack. The startup...