India, April 28 -- AI-powered content creation platform Mugafi has raised $3 Mn (about INR 25.5 Cr) in its seed funding round led by StartupXseed.

The round also saw participation from Auxano, Proneur Network, Razorpay founders' venture capital fund Mars Shot Ventures, Beyond Venture Partners and We Founder Circle, the startup said in a statement.

The Delhi NCR-based startup plans to deploy the funds to enhance its tech stack, acquire talent and expand to new markets.

Founded in 2020 by Vipul Agrawal, Mugafi leverages AI to help filmmakers and writers create content online. Mugafi's flagship product, AI tool Ved, works as a co-writer and facilitates authors in generating ideas, structuring plots, shaping characters, and writing dialogu...