RIDI Corp

RIDI Corp is a leading content publication & distribution company specialized in Web Comics, Web fiction and e-book.

RIDI Corp is mainly known for vitalizing the Korean e-book industry as well as empowering the web novel, webcomic, animation, articles, and news media.

RIDI Corp was founded in 2008 by Kisik Bae. The company is headquartered in Seoul, South Korea.

 

RIDI operates Ridibooks, a South Korea-based e-book vendor, as well as Ridi Story, a mobile reading app. Additionally, the company sells its own e-reader called Ridi PAPER.

 

Ridi also holds many other services. In 2019, animation streaming service called 'Laftel' was merged. In 2020, global webcomic subscription service called 'Manta' launched in North America.

 

RIDI is backed by GIC, Korea Development Bank, NVESTOR, Atinum Investment, Praxis Capital, Mirae Asset Venture Investment, NeoPlux, and others. The company raised KRW 120B ($100M) in new round on Feb 28, 2022. This brings RIDI's total funding to $178M to date. The latest round valued the company at a $1.2B post-money, making RIDI the first Korean content company to become a unicorn.

 

 

  • Year founded: 2008
  • Funding Info: $178M over 6 Rounds (Latest Funding Type: Private Equity)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $1.2B as of Feb 28, 2022
  • City/Town: Seoul
  • State: Seoul
  • Country: South Korea
Related businesses