2020
Gurugram (India)
Seed
Mugafi is a fast-emerging AI-powered platform revolutionizing the media and entertainment industry by empowering creators to craft, develop, and monetize original stories and scripts. Mugafi operates at the intersection of technology and creativity, serving writers, filmmakers, studios, and content creators across India, Southeast Asia, and the Middle East.
VED (AI Writing Assistant): Mugafi’s flagship product, VED, acts as a creative co-writer, helping users generate ideas, build characters, structure plots, and craft dialogue. It is designed to function like "Canva for writing," making storytelling accessible to creators regardless of technical skill.
Mugafi operates a multi-pronged business model that generates revenue through several channels:
Direct Sales of Learning Modules: Aspiring creators pay for access to AI-powered learning modules and mentorship programs, which help them improve their storytelling skills and produce market-ready content.
Marketplace Commissions: When creators license their content through Mugafi’s marketplace to production houses or distributors, Mugafi charges a commission on each transaction. The company currently works with around 20 production houses and agencies.
Enterprise Services: Mugafi offers tailored solutions and partnerships for studios and large media enterprises, providing advanced AI tools and IP development support.
IP Licensing & Franchises: The company is developing original universes (such as 'Moksh' and 'Kali') and plans to monetize these through licensing, merchandising, and franchise deals.
B2C: Individual writers, screenwriters, and content creators seeking to learn, create, and monetize their work.
B2B/Enterprise: Production houses, studios, and distribution agencies looking for original IPs and AI-driven content solutions.
Product Innovation: Continuous enhancement of the VED AI tool, expanding language support (including Arabic), and integrating advanced features like AI-generated comics.
Market Expansion: Targeting high-growth creative markets in India, Southeast Asia, and the Middle East, with plans to localize tools and content for regional audiences.
Strategic Partnerships: Collaborating with global and regional entertainment brands to increase adoption and credibility.
Original IP Development: Investing in the creation of proprietary universes and characters to build long-term, scalable revenue streams through licensing and franchising.
AI + Human Mentorship: Blends generative AI with expert human guidance for superior storytelling.
Integrated Marketplace: Directly connects creators with production houses and distributors for IP licensing.
Regional IP Focus: Develops original content rooted in Indian, Southeast Asian, and Middle Eastern cultures.
Multi-Format Platform: Supports scripts, novels, comics, and learning modules-more comprehensive than most competitors.
Community & Collaboration: Fosters a vibrant ecosystem for writers, musicians, and other creatives to co-create and network.
Mugafi stands at the forefront of the AI-powered storytelling revolution, offering a comprehensive platform that empowers writers, filmmakers, and content creators to bring their ideas to life with unprecedented efficiency and creativity. By seamlessly integrating advanced AI tools-most notably its proprietary co-writer, Ved-with real-time collaboration and human mentorship, Mugafi transforms every stage of the writing process: from idea generation and plot structuring to dialogue crafting and automated editing.
$5.99 Million
4
$3 Million, Seed
as of April 17, 2025
$10 Million
as of August 27, 2021
-
as of N/A
Auxano Capital
and 2 more45
Heizen
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
April 17, 2025 | Seed | $3 Million | - | - | - | Startupxseed Ventures, Auxano Capital, Proneur Network, Mars Shot Ventures, We Founder Circle |
December 20, 2023 | Seed | $1.1 Million | - | - | - | We Founder Circle, Auxano Capital, Mars Shot Ventures |
August 27, 2021 | Seed | $690 K | $10 Million | $434 K | 21.4x | Auxano Capital, Incisive Ventures, Appyhigh |
September 10, 2020 | Seed | $1.2 Million | $4.5 Million | - | - | Expert DOJO, TiE SoCal Angels, Mumbai Angels, Nexus Venture Partners, Venture Garage |