About RIDI
RIDI is a company based in Seoul (South Korea) founded in 2008 by Kisik Bae.. RIDI has raised $108.27 million across 2 funding rounds from investors including Korean Development Bank, Atinum Investment and GIC. RIDI offers products and services including RIDI Webtoon, RIDI Web Novel, and RIDI E-book Service. RIDI operates in a competitive market with competitors including LitRes, De Marque, Open Road Integrated Media, BiblioOnDemand and Rawialkotob, among others.
- Headquarter Seoul, South Korea
- Founders Kisik Bae
- Stage Unicorn
-
Sectors
Media & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name 리디주식회사
- Jurisdiction Na, Maharashtra, India
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$108.27 M (USD)
in 2 rounds
-
Latest Funding Round
$100.27 M (USD), Series C
Jan 25, 2022
-
Investors
Korean Development Bank
& 5 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of RIDI
RIDI offers a comprehensive portfolio of products and services, including RIDI Webtoon, RIDI Web Novel, and RIDI E-book Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Subscription service for webtoons and comics content.
Platform for accessing web novels and electronic books.
Service for e-book reading and management options.
Funding Insights of RIDI
RIDI has successfully raised a total of $108.27M 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 Total Funding
- Total Rounds 2
- Last Round Series C — $100.3M
-
First Round
First Round
(22 Dec 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series C - RIDI | Valuation | GIC | |
| Dec, 2014 | Amount | Series B - RIDI | Valuation | Shinhan Venture Investment |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RIDI
RIDI has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Korean Development Bank, Atinum Investment and GIC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Sovereign wealth is managed and private equity investments are facilitated.
|
Founded Year | Domain | Location | |
|
VC firm investing in geographies such as South Korea
|
Founded Year | Domain | Location | |
|
Venture capital investment firm based out of South Korea
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by RIDI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - RIDI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ridi Comparisons
Competitors of RIDI
RIDI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LitRes, De Marque, Open Road Integrated Media, BiblioOnDemand and Rawialkotob, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ebooks are retailed online by LitRes in Russia.
|
|
| domain | founded_year | HQ Location |
Digital book reading solutions for e-books and audiobooks are provided.
|
|
| domain | founded_year | HQ Location |
Digital content marketing and advertising services are provided.
|
|
| domain | founded_year | HQ Location |
Platform providing eBooks and audiobooks to universities,public libraries and other institutions
|
|
| domain | founded_year | HQ Location |
Provides a distribution platform for digital content, including ebooks and audiobooks.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ridi
Frequently Asked Questions about RIDI
When was RIDI founded?
RIDI was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Where is RIDI located?
RIDI is headquartered in Seoul, South Korea.
Who is the current CEO of RIDI?
Kisik Bae is the current CEO of RIDI. They have also founded this company.
Is RIDI a funded company?
RIDI is a funded company, having raised a total of $108.27M across 2 funding rounds to date. The company's 1st funding round was a Series B of $8M, raised on Dec 22, 2014.
What does RIDI do?
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.
Who are the top competitors of RIDI?
RIDI's top competitors include LitRes, De Marque and Open Road Integrated Media.
What products or services does RIDI offer?
RIDI offers RIDI Webtoon, RIDI Web Novel, and RIDI E-book Service.
Who are RIDI's investors?
RIDI has 6 investors. Key investors include Korean Development Bank, Atinum Investment, GIC, Nvestor Funding, and Mirae Asset Venture.
What is RIDI's valuation?
The valuation of RIDI is $1.3B as of Jan 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.