Mythik Raises $5M, Valuation Tops $50M

Mythik, the ambitious entertainment venture aiming to be the 'Disney from the East,' has successfully closed an additional $5 million funding round, propelling its valuation beyond the $50 million threshold. This latest capital injection, announced on May 20, 2026, significantly bolsters the company's financial standing and underscores growing investor confidence in its unique approach to global storytelling.

The new funding builds upon a substantial $15 million seed round secured in May 2025, which was notably the largest in India's media-tech sector at the time. With this latest $5 million infusion, Mythik has now raised a total of $20 million in equity financing. The company's rapid ascent is further validated by its impressive financial performance, reporting annual revenue of ₹16.8 crore ($1.98 million) for FY 2024-25, a remarkable 786% year-on-year increase. Crucially, the Mumbai-headquartered firm has transitioned to profitability, achieving a net profit of ₹1.6 crore, a significant leap from the ₹17.4 lakh recorded in the prior fiscal year.

This funding round attracted a distinguished group of new investors, signaling strong market validation. The cohort is led by prominent figures including Harsh Jain, Founder and CEO of the 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 from the Bharti Mittal Family Office. Further strengthening the investor base are Ishan Sinha, Head of Private Investing at the $50 billion+ asset management firm Point72; Blume Founders Fund, an arm of Blume Ventures; and Rooshabh Shah, Managing Director of SVAR Projects.

Existing investors demonstrated their continued belief in Mythik's vision by participating significantly in this round. Key returning backers include Sakal Media Group, a leading Indian media conglomerate headed 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. This blend of new strategic capital and sustained support from early backers highlights a shared conviction in Mythik's long-term strategy.

Founded in August 2023, Mythik is strategically positioning itself to tap into a vast global audience estimated at 3.5 billion people interested in narratives drawn from Eastern mythology, history, and folklore. The company leverages a 200-member team comprising seasoned professionals from esteemed organizations such as Disney, Amazon Studios, UTV, Jio, Tencent, MX Player, Amar Chitra Katha, and Walmart. This deep talent pool is instrumental in developing content and technology for immersive storytelling experiences.

The newly acquired capital is earmarked for accelerating Mythik's content production, enhancing its technological infrastructure for richer storytelling, and expanding its international distribution capabilities. The company has also been proactively building its leadership team, appointing Sidharth Kedia as Chief Operating Officer in August 2025 and Preeti Vyas as President of Content Strategy, Partnerships and Consumer Products in September 2025, signaling readiness for a significant global expansion across all facets of its business.