AI video startup TrueFan raises $10 million led by Baring PE, Z3Partners
Gurugram-based video generation startup TrueFan AI has raised $10 million in a round led by Baring Private Equity Partners India and Z3Partners, as enterprises increasingly shift from text-led communication towards AI-generated video content.
Existing investors IAN Alpha Fund and 3Lines Venture Capital also participated in the round. Chief executive Nimish Goel told ET the round was raised at a post-money valuation of $40 million.
