Azalp Technologies Pvt Ltd, which runs creators, influencers and celebrities focused platform Rigi.Club, has raised$10 million in its Series A funding round from Accel India, Sequoia Capital India and Stellaris Venture Partners.
Other angle investors including NitishMittersain (CEO, Nazara), Apaksh Gupta (CEO, OneImpression), Anupam Mittal (Founder, Shaadi.com) and comedian Tanmay Bhat also participated in this round.
The startup plans to use the funds for strengthening, hiring and expansion of its technology.
The startup said it has added over 200,000 users in the 18-24 age group in the past five months, and is set to grow the user base more than 10 times in the next one year.
The firm was part of the first cohort of Accel Atoms, a program by Accel India for pre-seed startups.
Bengaluru-based Rigi was founded in 2021 by Swapnil Saurav and Ananya Singhal, It helps creators and influencers to monetize their community across all platforms, be it WhatsApp, Telegram, or Instagram.
Influencers can use this platform to launch courses, organize paid webinars, and launch free and paid communities through the company’s app.
“Over the last five months, we have built a user base of over 200,000 users. In the next 12 months, we plan to take this to more than 10 times”, said, SwapnilSaurav, cofounder and chief executive officer (CEO) of Rigi.
“As part of the first Atoms cohort, their Speed of execution in building a platform that supports different social Channels has been just amazing. With The creator economy booming, we’re thrilled to be partnering with Rigi”, Said, Prayank Swaroop, Partner at Accel India.
Today, the global creator population of more than 50 million depends primarily on advertising shares or brand partnerships for income, which are unregulated and largely unproven, the company said.
“With a nudge from the pandemic, we have already been witnessing explosive growth and fascinating levels of engagement with both existing and emerging creators”, said, Rahul Chowdhri, Partner, Stellaris Venture Partners.
Rigi is a platform for creators, influencers and celebrities to grow, manage and monetise their community. It is aimed at both established and aspiring online creators who want to pursue their passion. Their vision is to enable anyone and everyone to make a successful living doing what they enjoy.