Dashverse Pivots From Microdrama App To AI Video Tools, Reportedly Seeking Up To $40 Million

From running its own microdrama app to selling the tools behind them: Dashverse is changing its business model. The Bengaluru- and San Francisco-based AI entertainment startup, founded in 2023 by Sanidhya Narain, Lalith Gudipati and Soumyadeep Mukherjee, has reportedly discontinued DashReels, its consumer microdrama app. It is now focusing on selling AI-powered video production software to studios, creators and entertainment platforms.

The Peak XV-backed company is reportedly in the early stages of seeking $30–40 million to scale Frameo.AI, its business-to-business platform. Its AI software and services business has reportedly reached an annualised revenue run rate of about $10 million.

The shift comes about 15 months after Dashverse raised a $13 million Series A led by Peak XV Partners, when DashReels crossed five million downloads within a month of launch.

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