About RIDI
RIDI is a Media & Entertainment company based in Seoul (South Korea) founded in 2008 by Kisik Bae and Minseok Kwon. It operates as an e-book store and digital reading services are operated by RIDI. RIDI has raised $159.4 million across 2 funding rounds from investors including Korean Development Bank, DSC Investment and Aju IB Investment. The company has 320 employees. RIDI was last valued at $1.3 billion in March 2022. Its chief executive is Kisik Bae. Its website ridicorp.com draws about 34 thousand monthly visits. RIDI offers products and services including RIDI Webtoon, RIDI Web Novel, and RIDI E-book Service. Its focus areas include Book Tech and eBook Aggregator. Its legal entity in India is 리디주식회사 (U99999MH1977PLC010754). Its competitors include LitRes, De Marque, Open Road Integrated Media, BiblioOnDemand and Rawialkotob and 1 more; 5 of its 6 listed competitors have raised funding.
Company details
RIDI Corporation was founded in 2008 and is headquartered in Seoul, South Korea. E-reading services are provided through the Ridibooks platform, where e-book files can be downloaded. An e-book terminal called PAPER PRO is offered, along with an app compatible with iOS, Android, Windows, and Mac OS. Operations focus on the digital publishing sector in the South Korean market.
- Headquarters Seoul, South Korea
- Employees 320
- Founders Kisik Bae, Minseok Kwon
- Stage Unicorn
- SectorsMedia & Entertainment
- Email••••••••
- Phone•••• ••••
- Website ridicorp.com
- Social LinkedIn YouTube
- Legal Name 리디주식회사
- Date of Incorporation 10 Aug, 1977
- Jurisdiction Maharashtra, India
- Total Equity Funding$159.4M (USD)
in 2 rounds
- Latest Funding Round$100.27M (USD), Series C
Jan 2022
- InvestorsKorean Development Bank
& 13 more
- Employee Count320
Associated legal entities of RIDI
RIDI operates through , (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| , CIN U99999MH1977PLC010754 | Active | 10 Aug 1977 | Nanded, Maharashtra | – | – | – | View details |
Products & Services of RIDI
RIDI offers a comprehensive portfolio of products and services, including RIDI Webtoon, RIDI Web Novel, and RIDI E-book Service.
Subscription service for webtoons and comics content.
Platform for accessing web novels and electronic books.
Service for e-book reading and management options.
Apps and channels of RIDI
its YouTube channel 리디 RIDI Corp. has 1.71K subscribers and 14 videos.
Videos from RIDI
The most watched videos on RIDI's YouTube channel, 리디 RIDI Corp. (1.71K subscribers). Click a video to play it here.
More on 리디 RIDI Corp..
Funding Insights of RIDI
RIDI has successfully raised a total of $159.4M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $100.27 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $159.4M
- Total Rounds 2
- Last Round Series C — $100.27M
- First Round $8M
(Dec 2014)
- Investors Count 14
All 2 funding rounds of RIDI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $100.27M | Series C | $1.3B | GIC | |
| Dec 2014 | $8M | Series B | – | Shinhan Venture Investment |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $1.3B | •••••••• |
Last known valuation $1.3B (Mar 2022). 14 investors in total: 14 institutional.
Investors in RIDI
RIDI has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Korean Development Bank, DSC Investment and Aju IB Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sovereign wealth is managed and private equity investments are facilitated. | – | gic.com.sg | Singapore, Singapore | |
VC firm investing in geographies such as South Korea | 1988 | atinuminvest.co.kr | Seoul, South Korea | |
Venture capital investment firm based out of South Korea | – | venture.miraeasset.com | Seoul, South Korea | |
Provider of a venture capital firm for various sectors | – | shinhanvc.com | Seoul, South Korea | |
Private equity and venture capital investment fund | – | songhyuninvest.com | Seoul, South Korea | |
Growth stage tech and offline focused venture capital firm investing primarily in South Korea | – | unionip.net | Seoul, South Korea | |
Diversified investment, VC & financial advisory firm | 1974 | ajuib.co.kr | Seoul, South Korea | |
Early-stage venture capital is invested primarily in South Korean startups. | 2012 | dscinvestment.com | Seoul, South Korea | |
Venture capital is provided to AI, biotech, and content-led companies. | – | snsinvestment.co.kr | Seongnam-si, South Korea | |
Investments in tech startups are managed by SV Investment. | – | svinvest.com | Seoul, South Korea |
Investor details for RIDI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of RIDI
2 people are tracked at RIDI (2 in leadership); the tracked headcount is 320.
| Name | Role | Group |
|---|---|---|
Kisik Bae | Founder & CEO | Leadership |
Minseok Kwon | Founder | Leadership |
Complete people profiles for RIDI
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Timeline of RIDI
4 dated milestones of RIDI across 14 years, from founding to its latest funding, stage changes and deals.
- Founded RIDI is founded.
- Funding First funding round of $8.0M.
- Funding Latest funding round, Series C, of $100.3M.
- Milestone Reaches Unicorn status.
Competitors of RIDI
RIDI has 6 listed competitors in our database, 5 of them funded. They include LitRes, De Marque, Open Road Integrated Media, BiblioOnDemand and Rawialkotob, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| litres.ru | 2005 | Moscow, Russia | $5M | – | Ebooks are retailed online by LitRes in Russia. | |
| demarque.com | 1990 | Quebec, Canada | $3.77M | – | Digital book reading solutions for e-books and audiobooks are provided. | |
| openroadintegratedmedia.com | 2009 | New York, United States | $26M | – | Digital content marketing and advertising services are provided. | |
| biblioondemand.com | 2019 | Lille, France | $1.09M | – | Platform providing eBooks and audiobooks to universities,public libraries and other institutions | |
| rawialkotob.com | 2016 | Doha, Qatar | – | – | Provides a distribution platform for digital content, including ebooks and audiobooks. | |
| 24pagebooks.com | 2010 | New York, United States | $50,000 | – | Serves as a platform for digital ebooks distribution. |
Detailed competitors of RIDI
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of RIDI
The website of RIDI (ridicorp.com) receives about 34K visits a month.
- Monthly visits34K
▲ 16.8% vs previous month
Websites whose visitors overlap most with RIDI. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| clien.net | 100% | – | #1,178 | View details | |
| notion.so | 93% | 178.3M | #160 | View details | |
velog.io | velog.io | 91% | – | #26,732 | – |
| cloocus.com | 83% | 16.1K | #1,568,277 | View details | |
websiterating.com | websiterating.com | 83% | – | #6,373,340 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for RIDI
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Book & Digital Reading Platforms
10 companies that operate in the same segment as RIDI (Book & Digital Reading Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An audio streaming platform for series and stories is operated. | 2018 | Bengaluru, Karnataka, India | USD 196.66 M | USD 30.62 M | 1,044 | |
Platform connecting readers and writers, offering digital literature in multiple languages | 2014 | Bengaluru, Karnataka, India | USD 92.65 M | USD 6.84 M | 162 | |
Podcasts and audiobooks are provided through a creator-focused audio platform. | 2019 | Copenhagen, Denmark | USD 223.91 M | USD 21.59 M | 84 | |
Digital audiobooks are produced and streamed via a SaaS platform. | 1995 | Newark, New Jersey, United States | USD 6 M | – | – | |
App-based subscription platform for e-books | 2005 | Stockholm, Sweden | – | USD 436.49 M | – | |
Rental books and homework help are provided to university students. | 2005 | Santa Clara, California, United States | USD 205.99 M | USD 376.91 M | 1,270 | |
SaaS-based book reading platform | 2006 | San Francisco, California, United States | USD 105.24 M | – | – | |
Audiobooks and stories in multiple Indian languages are provided. | 2018 | Mumbai, Maharashtra, India | USD 122.32 M | USD 12.17 M | 310 | |
Audio-based learning solutions with stories and music are provided. | 2015 | London, England, United Kingdom | USD 59.42 M | – | 98 | |
Provider of digital comics, novels, and ebooks | 2009 | Seoul, South Korea | USD 28 M | – | – |
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Related news about Ridi
Complete news archive for RIDI
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about RIDI
RIDI was founded in 2008 and raised its 1st funding round 6 years after it was founded.
RIDI is headquartered in Seoul, South Korea. It is registered at Seoul, Seoul, South Korea.
Kisik Bae is the current CEO of RIDI. They have also founded this company.
RIDI is a funded company, having raised a total of $159.4M across 2 funding rounds to date. The company's 1st funding round was a Series B of $8M, raised on Dec 2014.
RIDI has 320 employees.
RIDI Corporation was founded in 2008 and is headquartered in Seoul, South Korea. E-reading services are provided through the Ridibooks platform, where e-book files can be downloaded. An e-book terminal called PAPER PRO is offered, along with an app compatible with iOS, Android, Windows, and Mac OS. Operations focus on the digital publishing sector in the South Korean market.
RIDI's top competitors include LitRes, De Marque and Open Road Integrated Media.
RIDI offers RIDI Webtoon, RIDI Web Novel, and RIDI E-book Service.
RIDI has 14 investors. Key investors include Korean Development Bank, DSC Investment, Aju IB Investment, Atinum Investment, and GIC.
The valuation of RIDI is $1.3B as of Mar 2022.
RIDI operates through ,.