Dashverse, an AI entertainment startup, bags $13M in Series A funding

Dashverse, an AI entertainment startup, raised $13M in Series A funding led by Peak XV Partners to advance AI tech and expand globally. Founded by Sanidhya Narain, Lalith Gudipati, and Soumyadeep Mukherjee, it evolved from AI comics platform Dashtoon to Frameo.AI for video content. Its microdrama app, DashReels, hit 5M downloads, driving 20M+ users. Funds will scale Frameo.AI and DashReels amid rivals like Reelies, Kuku, MX Player, and JioHotstar.