Dashtoon in talks to raise $10-12 Mn in Series A

Dashtoon, an AI assisted comic creation platform, is in talks to raise $10-12 million in a new funding round from new and existing investors including Matrix Partners India and Stellaris Venture Partners.

Founded in December 2022, Dashtoon leverages Generative AI to turn storytellers into comics artists. It also enables published authors or aspiring writers to distribute and monetize their comics and graphic novels.

• In Nov, Dashtoon raised $5 Mn in seed funding led by Matrix and Stellaris.

• Founded by Sanidhya Narain, Lalith Gudipati, and Soumyadeep Mukherjee, Dashtoon leverages Generative AI to turn storytellers into comics artists.

Market Potential:

Dashtoon aims to be a global IP powerhouse by partnering with thousands of creators and readers, targeting the global comics market which is expected to be valued at around $27 billion by 2032.

The company expects to make $15,000 in revenue during the first month of monetization, with plans to grow to $100,000 per month over the next two to three months.

Scoop: Harsh Upadhyay (Entrackr)