KathaVersse Media Network, a Mumbai, India-based universe and franchise-driven content IP studio, has secured $400k in seed funding.
The round was led by Roshan Abbas, with participation from Gaurav Kapur, Samit Garg, Dhawal Gusain, Rajesh Rege, Sujit Jha, Nitin Madan & WLDD.
The company intends to use the funds to scale its content business by adapting their video IPs in different formats such as Audio, Animation, Merchandise, and more.
Co-founded by Aakash Kumar (CEO) and Kshitiz Sudhakar (COO), KathaVersse is a universe and franchise-driven entertainment IP company committed to creating IPs with a minimum shelf life of 7 years for tier 2 and tier 3 masses.
Both the founders have 7+ years of experience in digital-first filmmaking and have successfully created hit IPs and business verticals for India’s leading digital entertainment companies with a profitable PnL. In the past, they have successfully created IPs that garnered over 1.5 billion views collectively on social platforms. They have also created branded IPs with more than 100 advertisers. Their shows run on platforms like Sony Liv, Jio Cinema, Disney+hotstar, Zee5 and YouTube. With their content-first approach, they are building AVOD and SVOD verticals for fiction and nonfiction.
Their fiction brand Antenaaa Studios will soon release their original long-form content slate, some of which they want to commission and some they would self-produce. By March 2024, they are also coming up with their studio’s YouTube channel for premium fiction Web Shows to build their social distribution network.
On the non-fiction side, they are coming up with 6 IPs on their already existing brand, Digital Commentary, which has 106K subscribers. With Digital Commentary, they want to inspire, entertain and educate the audience and to be their one-stop companion for all the infotainment in the entertainment space. The non-fiction content on Digital Commentary will primarily revolve around premium chat shows, podcasts, reality shows, and game show IPs centred around films and web shows.
FinSMEs
21/09/2023