KathaVersse Media Network, a Mumbai-based content intellectual property studio, has secured $400K in seed funding in a round led by Roshan Abbas. Co-founded by Aakash Kumar and Kshitiz Sudhakar, the company plans to utilize the funding to scale its content business by adapting their video IPs into various formats including audio, animation, and merchandise. With a focus on creating IPs for tier 2 and tier 3 masses, KathaVersse aims for a minimum shelf life of 7 years for their entertainment IPs. Their upcoming projects include original long-form content, non-fiction IPs, and the launch of their studio's YouTube channel for premium fiction Web Shows.