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
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Sectors
Media & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name 리디주식회사
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$108.27 M (USD)
in 2 rounds
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Latest Funding Round
$100.27 M (USD), Series C
Jan 25, 2022
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Investors
Korean Development Bank
& 5 more
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Employee Count
Employee Count
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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.
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
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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 |
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.
| Investor | Description | Founded Year | Domain | Location |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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VC firm investing in geographies such as South Korea
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Founded Year | Domain | Location | |
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Venture capital investment firm based out of South Korea
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Founded Year | Domain | Location |
Investments & Acquisitions by RIDI
Financial Statements - RIDI
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ebooks are retailed online by LitRes in Russia.
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| domain | founded_year | HQ Location |
Digital book reading solutions for e-books and audiobooks are provided.
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| domain | founded_year | HQ Location |
Digital content marketing and advertising services are provided.
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| domain | founded_year | HQ Location |
Platform providing eBooks and audiobooks to universities,public libraries and other institutions
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| domain | founded_year | HQ Location |
Provides a distribution platform for digital content, including ebooks and audiobooks.
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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.
Kisik Bae is the current CEO of RIDI. They have also founded this 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.
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 6 investors. Key investors include Korean Development Bank, Atinum Investment, GIC, Nvestor Funding, and Mirae Asset Venture.
The valuation of RIDI is $1.3B as of Jan 2022.