Mugafi, a fast-emerging creative tech company headquartered in Gurugram, has secured $3 million in seed funding to supercharge its AI-driven storytelling platform. The investment round drew participation from a dynamic mix of backers, including StartupXseed, Auxano, MarsshotVC (founded by the Razorpay team), BeyondVP, and WeFounderCircle.
This fresh capital injection will help Mugafi sharpen its proprietary AI tools, grow its footprint into untapped markets, and bring aboard high-calibre talent to accelerate its next phase of growth.
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At the heart of Mugafi’s offering is a mission to transform how stories are created and shared. Geared towards creators in the media and entertainment space, the platform equips users with a suite of AI tools designed to streamline and elevate the storytelling process. Its flagship product, VED, functions like a creative partner for screenwriters, lyricists, filmmakers, and content creators—offering support with everything from building story arcs to sculpting characters and fine-tuning dialogue.
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But Mugafi goes beyond tools. It also acts as a bridge between emerging talent and industry veterans, creating a collaborative ecosystem where writers, musicians, and other creatives can connect, co-create, and get discovered.
With artificial intelligence fast becoming a force in creative industries, Mugafi aims to stay ahead of the curve by building tech that empowers rather than replaces human imagination. The company’s next chapter will focus on enhancing its core technology, expanding its user base, and unlocking new monetization avenues for creators—while positioning itself as a go-to destination for storytelling in the age of AI.
