Mythik Raises $5M More, Valuation Crosses $50M Mark
Mythik, the tech-first global entertainment company founded by Jason Kothari, has raised an additional $5 million in fresh capital, lifting its valuation to over $50 million and reinforcing its standing as one of the most closely watched new entrants in the emerging media-tech landscape. The top-up round, announced on May 20, 2026, expands a cap table that already counts some of the world's most influential media, technology, and finance investors.
The latest infusion builds on the company's $15 million seed round closed in May 2025 — the largest in India's media-tech space — and brings Mythik's total equity funding to $20 million across two rounds. The new capital arrives at a moment of sharp commercial momentum for the Mumbai-headquartered studio, which reported annual revenue of ₹16.8 crore ($1.98 million) for FY 2024-25, a 786 percent year-on-year jump, and swung to a net profit of ₹1.6 crore from ₹17.4 lakh the previous year.
The new investor cohort is led by Harsh Jain, Founder and CEO of fantasy sports unicorn Dream11; Rajat Gupta, former Global Managing Director of McKinsey & Company and co-founder of the Indian School of Business; and Zubin Bharti Mittal of the Bharti Mittal Family Office. They are joined by Ishan Sinha, Head of Private Investing at Point72, the global investment firm managing over $50 billion in assets; Blume Founders Fund, part of Blume Ventures; and Rooshabh Shah, Managing Director of SVAR Projects, among others.
Existing backers also doubled down on the company. Continued participation came from Sakal Media Group, one of India's leading media houses led by Abhijit Pawar; founder Jason Kothari; Anirudh Patni of the Patni Family Office; Samarth Parekh of the Parekh Family Office; and Samir Vora, former Group CEO of Enam Asset Management, among others. The blended syndicate of returning institutional capital and newly added strategic names underscores a deepening conviction in Mythik's long-term thesis.
Founded in August 2023 and operating through Mythik Entertainment Technologies Private Limited, the company is positioning itself as the "Disney from the East" — a content-and-technology platform built to bring Eastern mythology, history, and folktales to a global audience for the first time. Mythik estimates a built-in addressable audience of 3.5 billion people worldwide for stories drawn from Indian epics, legends, and historical narratives. Its 200-member team includes former leaders from Disney, Amazon Studios, UTV, Jio, Tencent, MX Player, Amar Chitra Katha, and Walmart.
"We are pleased to welcome a new group of exceptional investors who bring global perspective, networks and strategic value, as well as deepen our partnership with existing investors. This continued support reinforces our vision to build a category-defining tech-first global entertainment company, rooted in the rich storytelling of Eastern mythology, folktales and history," said Jason Kothari, Founder and CEO of Mythik.
The fresh capital is expected to accelerate Mythik's content production pipeline, deepen its technology stack for immersive storytelling, and support international distribution as the studio scales its slate of mythology-led IP. The company has been building executive bench strength in parallel, having appointed Sidharth Kedia as Chief Operating Officer in August 2025 and Preeti Vyas as President of Content Strategy, Partnerships and Consumer Products in September 2025 — signals of an organisation gearing up for a broader global push across content, partnerships, and consumer products.
The two-round funding journey to date is summarised below:
| Round | Date | Amount | Key Investors |
|---|---|---|---|
| Seed | May 21, 2025 | $15M | Sakal Media Group, BITKRAFT Ventures, VC Grid, Visceral Capital, Patni Family Office, SRK Family Office, Patni Financial Advisors; angels including Pravin Jain, Marc Younan, Deepen Parikh, Samir Vora, Samarth Parekh, Nishant Aggarwal, Anurag Goel, Saif Saeed Ghobash, Jayanti Kannai |
| Seed Extension | May 20, 2026 | $5M | Harsh Jain (Dream11), Rajat Gupta, Zubin Bharti Mittal, Ishan Sinha (Point72), Blume Founders Fund, Rooshabh Shah (SVAR Projects); existing investors including Sakal Media Group, Anirudh Patni, Samarth Parekh, Samir Vora |
| Total | — | $20M | Valuation post-round: over $50M |
Mythik's financial trajectory provides additional context for the valuation step-up. Revenue grew from ₹1.9 crore in FY 2023-24 to ₹16.8 crore in FY 2024-25, while net profit expanded from ₹17.4 lakh to ₹1.6 crore over the same period — a 846 percent jump on the bottom line. EBITDA rose from ₹28 lakh to ₹2.7 crore, and total assets stood at ₹17.3 crore as of March 31, 2025. Employee count climbed from 86 in March 2026 to 92 in April 2026, with the broader extended team now standing at 200 members across content, technology, and operations