Peak XV Partners-backed Dashverse shut its consumer microdrama platform, DashReels, and now seeks $30-40 million in funding. The Bengaluru and San Francisco-based startup shifted its focus toward selling AI-powered video production software called Frameo AI to entertainment companies. This move marks a major change in how the firm does business.
The Bengaluru and San Franciscobased startup is pitching its businessto-business software platform, Frameo AI, to prospective investors as it moves away from acquiring and monetising viewers through its own app. The proposed fundraise is at an early stage, the people said.
Peak XV Partners-backed Dashverse has discontinued its consumer microdrama platform, DashReels, and is looking to raise $30-40 million as it shifts its focus to selling artificial intelligence (AI)-powered video production software to entertainment companies, according to people aware of the developments.The Bengaluru and San Francisco-based startup is pitching its business-to-business software platform, Frameo AI, to prospective investors as it