India, May 14 -- Mumbai-based mobile entertainment startup ReelSaga has raised $2.1 Mn (around INR 17.9 Cr) in a seed funding round led by Picus Capital, along with participation from ITI Growth Opportunities Fund, Nazara Technologies, 8i Ventures and others.

The company plans to deploy the fresh capital to fuel app development and produce high-quality, localised content.

It aims to define a new category of mobile-native entertainment across India, Southeast Asia and the Middle East.

Founded in 2024 by serial entrepreneurs Shubh Bansal, Shanu Vivek, and Ritesh Pandey, ReelSaga is building India's first dedicated microdrama platform for mobile-first audiences.

"More and more users are turning to short-form video for entertainment. It's...