Private Equity VC Fund Investments
Producer of short videos ReelSaga raises $2.1 M led by Picus Capital
Source ReelSaga (opens in a new tab)Economic Times (opens in a new tab)
Mumbai-based entertainment startup Reelsaga has raised USD 2.1 million in a seed round led by Picus Capital. The round also saw participation from ITI Growth Opportunities Fund, Nazara Technologies, 8i Ventures, Waveform Ventures, Warmup Ventures, Bombay54, Bharat Founders Fund and angel investors.Founded in 2024 by Shubh Bansal, Shanu Vivek, and Ritesh Pandey, ReelSaga is a storytelling platform using short-form videos. The company claims to use data science and product innovations to deliver hyper-personalised, mobile-first storytelling which resonates with the audience. The new funds will be used by the company for app development and localised content production.