VC Fund Investments
Content creators' platform Rigi raises Rs.100-Cr from Elevation Cap, Accel, MS Dhoni, others
Bengaluru-based Rigi, a platform for content creators to monetise their communities, has raised INR 100 crore (about USD 12.5 million) in a funding round led by Elevation Capital. The round also saw participation from Accel India, Stellaris Venture Partners, Sequoia Capital India and angel investors including cricketer Mahendra Singh Dhoni, CRED's Kunal Shah, NoBroker's Amit Kumar Agarwal, Country Delight's Chakradhar Gade, and social media influencer Sharan Hegde. Rigi will use the fresh funds to build tools for emerging categories of content creators and expand to newer geographies. The platform, which helps creators, influencers and celebrities grow, manage and monetise their communities, has raised USD 25 million till date.
From the Venture Intelligence PE-VC Deal Database: Between Aug 21 and Apr 22, Rigi had raised over USD 11 M from Stellaris Venture Partners, Accel India, Sequoia Capital, Veda VC and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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