Private Equity PE Fund Investments
Creators' platform Rigi in talks to raise $10-M from Sequoia, Accel: report
Rigi, a Bengaluru-based platform for creators, influencers and celebrities to grow, manage and monetise their community, is in talks to raise funding $10 million from existing investors Sequoia Capital India and Accel India. The deal is reportedly expected to value Rigi at USD 40-50 million.
Founded by Ananya Singhal and Swapnil Saurav in late 2021, Rigi helps creators take care of periodic subscription reminders, retargeting and promotions.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: In Mar-21, Rigi had raised over USD 1 M in seed funding from Sequoia Capital India, Stellaris Venture Partners and Accel India. Angel investors in the company include AngelList, Anupam Mittal, Kunal Bahl & Rohit Bansal (co-founders of Titan Capital and Snapdeal), Shweta Honagudi, Vasant Rao and Nitish Mittersain, (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)