Mugafi, a Gurugram, India-based AI-powered storytelling platform, has raised $3 million in seed funding.
Investors
The round was backed by StartupXseed, Auxano, MarsshotVC (Razorpay founders’ fund), BeyondVP, and WeFounderCircle.
Mugafi Use of Funds
The company plans to use the funds to develop its AI tools further, expand into new markets, and scale operations by hiring top-tier talent.
About Mugafi
Mugafi is an AI-powered platform designed to support creators in the media and entertainment industry. It offers tools and resources for learning, developing, and monetizing intellectual properties, including AI-driven scriptwriting and story generation. Its flagship tool, VED, is an AI assistant that helps writers, filmmakers, and other creators with idea generation, plot structuring, character development, and dialogue crafting. Mugafi also provides a network for artists to connect with industry professionals—such as singers, lyricists, and composers—fostering collaboration and career growth.
Funding Details
Company: Beunlu Private Limited (Mugafi)
Raised: $3.0M
Round: Seed
Funding Date: April 2025
Investors: StartupXseed, Auxano, MarsshotVC, BeyondVP, WeFounderCircle
Company Website: https://www.mugafi.com/
Software Category: Content Creation
Source: https://www.businessworld.in/article/mugafi-raises-3-mn-in-seed-funding-to-redefine-entertainment-with-ai-powered-storytelling-554054