The Content creator oriented platform Rigi has announced that it has raised funds amounting 12.5 Million US dollars which is equal to 100 Cr on Wednesday, 25th January 2023. The funding round for the company was led by the private equity firm Elevation Capital.
Investors Participated in the Funding Round for Rigi
Besides the Venture Capital firm Elevation Capital, the funding round for Rigi also witnessed several other investors America based Venture capital firm Accel, Capital investing company Sequoia Capital and Stellaris.
Several angel investors too came forward to infuse capital in the company including Mahendra Singh Dhoni the Former Captain of Indian Cricket team, the founder of the milk delivery company Country Delight Chandrakant Gade, the chief Executive office and the Founder of the company NoBroker Amit Kumar Agarwal, the personal Finance creator Sharan Hedge and the Chief Executive office and the Founder of Cred Mr Kunal Shah.
The firm focuses on utilising the freshly generated fund to extend its operations in the international market. The Chief Executive officer of the company also mentioned that the company has already started its operation in the international level starting with setting its base in Indonesia, three month ago.
Regarding the expansion of the working of the company in the international market the Founder and the Chief Executive Officer of the company said that the company has been working on developing new tools for the creators and thus wishes to invest in this project. Besides this, the company’s CEO also said that the company focuses to invest more in the technology sector of the company in designing and developing more tools for the content creators from different fields. By doing this the CEO feels it will be easier to provide solutions to various counties belonging to Southeast Asian nations and similar countries to those.
About the Company Rigi
The content Creator focused company Rigi was established in the June 2021 by Swapnil Saurav and Ananya Singhal. The headquarters of the company is based in Bengaluru, Karnataka. The company focuses on the enabling the revenue for the creators in India.
The company has raised an amount of 25 million US dollars in the three funding rounds since its establishments. The influencers and the content creators make use of the platform to create various courses, reminders for the subscriptions, learning guides pay WhatsApp and Telegram groups host the webinars and many more.
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