Other Private Equity/Strategic Investments
Micro-drama startups Dashverse, Rigi, Flick TV scout for VC funding
Noida-based Flick TV , along with Bengaluru-based Rigi and also Bengaluru-based Dashverse Reels , are exploring fundraising rounds between $25-M and $50-M. Flick TV is targeting a raise of approximately $40-M, while Dashverse Reels is seeking around $35-M.These companies are backed by Stellaris Ventures, Elevation Capital, and Peak XV.The startups operate in the micro-drama space, which uses AI-enabled production and microtransaction-based monetisation to provide cliffhanger-led episodic entertainment.Founded in 2025 by Pratik Anand and Kushal Singhal, Flick TV is a mobile-first OTT platform that offers original, bite-sized micro-dramas across genres like romance and thrillers, designed for snackable consumption in under-five-minute episodes.Founded in 2021 by Swapnil Saurav and Ananya Singhal, Rigi provides a comprehensive community management and monetisation platform that enables creators and influencers to launch courses, conduct paid webinars, and manage subscription-based groups on WhatsApp and Telegram.Founded in 2022 by Sanidhya Narain, Lalith Gudipati, and Soumyadeep Mukherjee, Dashverse provides a full-stack AI entertainment ecosystem - including Frameo.AI, Dashtoon, and DashReels - that enables creators to develop, publish, and monetise comics and short-form micro-dramas.
Between May 2025 and Oct 2025, Flick TV had attracted about $ 6 M from Gemba Capital, Stellaris Venture Partners, Titan Capital, Chiratae Ventures, and others.Between Aug 2021 and Jan 2023, Rigi had attracted about $ 24 M from Accel India, Peak XV Partners, Stellaris Venture Partners, Shastra VC, Elevation Capital, and others.For FY25, Rigi had reported about INR 20 Cr in Operating Income and about INR 20 Cr in Net Loss.Between Nov 2023 and Aug 2025, Dashtoon had attracted about $ 18 M from Stellaris Venture Partners, Z47, Peak XV Partners, and others.
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