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Mythik Secured $15 Mn in Seed Funding Round
Mythik has recently secured $15 million in the seed funding round, a new startup founded by Jason Kothari, the Executive of Snapdeal.
Summary:
1. Mythik, a startup founded by Jasin Kothari, has secured a $15 million seed funding round.
2. Mythik aims to bring Eastern mythology, history, and folktales to the global entertainment market, creating “Disney from the East.”
3. The funding team involves Sakal Media Group, BITKRAFT, VC Grid, Visceral Capital, Jason Kothari, Shah Rukh Khan’s family office, Patni family office, Saif Saeed Ghobash, Jayanti Kannai, Pravin Jain, Marc Younan, Deepen Parikh, Samir Vora, Samarth Parekh, Anurag Goel, Nishant Aggarwal, and others.
According to this latest startup news, the funding round includes the participation of Sakal Media Group, BITKRAFT, VC Grid, Visceral Capital, Jason Kothari, Shah Rukh Khan’s family office, Patni family office, Saif Saeed Ghobash, Jayanti Kannai, Pravin Jain, Marc Younan, Deepen Parikh, Samir Vora, Samarth Parekh, Anurag Goel, Nishant Aggarwal, and others.
Other investors include Samir Vora, Group CEO of Enam Asset Management; Samarth Parekh; Anurag Goel, Co-founder of Cactus Ventures; Nishant Aggarwal, Owner of Avighna Group, and others.
“We look forward to discovering Mythik’s vision and mission, to bring Eastern mythology, history, and folktales to the forefront of global entertainment and encourage happiness, peace, and hope, also excited about the world-class and strategic investors we have brought together,” said Jason Kothari, founder of Mythik on this startup funding news.
About Mythik: Startup Founded by Jason Kothari
Mythik, founded by Kothari last month, is a tech-first global entertainment firm intended to deliver Eastern mythology, history, and folktales for the first time to an audience globally, creating “Disney from the East.”
Kothari joined Housing.com in 2015 and became CEO after the departure of founding CEO Rahul Yadav. He later worked as CEO of FreeCharge for eight months and Chief Strategy and Investment Officer at Snapdeal for one and a half years.
According to this latest startup news, Disney, Netflix, Amazon Studios, Jio, and Tencent are among the former executives involved in the company’s founding team.
Kothari’s entrepreneurial path started at Wharton, where he bought the insolvent comic book publisher Valiant Entertainment and managed its reinvention. He then sold the company to DMG Entertainment for $100 million and worked as an executive producer on Bloodshot, a film based on a Valiant character featuring Vin Diesel.
Since we came across this latest startup news, let’s take a walk- how it all started and how Mythik was established by Kothari, which has now secured startup funding for further expansion and growth.
Kothari relocated to the United States to pursue his education further. While attending The Wharton School, Kothari owned Valiant Entertainment, a bankrupt superhero entertainment company. The firm became the third-largest superhero entertainment company after Marvel and DC Comics, was voted Publisher of the Year, and later signed a five-film deal with Sony Pictures. Valiant Entertainment was sold for $100 million to Hollywood and China-based DMG Entertainment.
Kothari relocated to India in 2015 to become the CEO of Housing.com, a Softbank-backed online real estate startup. At Housing.com, he managed the company’s restructuring, resulting in 400% revenue growth and a 70% expense reduction. Kothari managed the combination of Housing.com and News Corp’s PropTiger to form the US$350 million industry leader.
While working at Snapdeal, Kothari was also the CEO of FreeCharge, a disrupted digital payments business. Kothari managed the $60 million sale of FreeCharge to Axis Bank.
Today, Kothari, who has raised startup funding for his new startup, is on the Board of Directors of Emaar India, a division of Emaar Properties, a company based in Dubai that is responsible for the construction of the world’s tallest structure, the Burj Khalifa. He has also served as a senior advisor for several organizations, including Softbank and Noon.com, a Middle Eastern e-commerce startup.
