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<ul><li><keyword id="356967" type="General" weightage="100" keywordseo="rigi" source="Orion">Rigi</keyword> raised $25 million across three rounds conducted within the last 14 months. </li><li>The startup helps creators and influencers grow, monetize and manage their content. </li><li>The company plans to use the funds to expand into newer categories and geographies. </li></ul>Rigi, a platform which allows creators and influencers to manage and monetize their communities, said on Wednesday that it raised ₹100 crore. The startup calls it Series A extension round, and is led by Elevation Capital; with participation from Accel, Stellaris and <keyword id="270604" type="General" weightage="50" keywordseo="sequoia" source="Orion">Sequoia</keyword> among others. Angel investors such as former cricketer <keyword id="10138" type="General" weightage="50" keywordseo="mahendra-singh-dhoni" source="Orion">Mahendra Singh Dhoni</keyword>, Kunal Shah (founder of Cred), Amit Agarwal (founder of NoBroker), <keyword id="11361219" type="General" weightage="50" keywordseo="chakradhar-gade" source="Orion">Chakradhar Gade</keyword> (co-founder at <keyword id="7010225" type="General" weightage="50" keywordseo="country-delight" source="Orion">Country Delight</keyword>), <keyword id="13699074" type="General" weightage="50" keywordseo="sharan-hegde" source="Orion">Sharan Hegde</keyword> ( CEO of The 1% Club) also invested in the round. Founded in 2021 by Swapnil Saurav and Ananya Singhal, Rigi focuses on knowledge creators in areas such as education, fitness, gaming etc. It provides them with an end-to-end ecosystem to manage their communities, with a focus on monetisation. It provides tools such as subscription management, courses, live workshops, paid one-to-one interactions and integration with social platforms. Rigi raised $25 million across three rounds in the last 14 months. It plans to use the latest funds raised to expand into newer categories and geographies. “Creator economy is a new paradigm of employment. It is here to stay in India, South East Asia, and globally. But this is a nascent ecosystem. All creators need tools to be more efficient and to grow. Rigi has created a world class suite of products that creates a 10X positive impact on the creator businesses,” Prayank Swaroop at Accel India said. Since its inception in October 2021, Rigi claims to have helped over 10,000 creators in over 30 categories. Recently, it also expanded to Indonesia. “Knowledge creators in various fields, including education, health and fitness, skills training, and gaming are sought out by users for specialized advice on these topics. Users are now willing to pay these creators for personalized advice rather than relying on a generic, one-size-fits-all approach. Our goal is to support these creators in this aspect of their journey, so they can focus on what they do best: adding value to their audiences' lives,” Swapnil Saurav, co-founder of Rigi said. Globally, the creator economy is estimated to be worth over $100 billion, according to estimates provided by Rigi. "At Elevation, we have been firm believers of the growth potential of the creator economy as demonstrated by our past investments in companies such as Sharechat, <keyword id="16247668" type="General" weightage="50" keywordseo="turnip-and-headfone" source="Orion">Turnip and Headfone</keyword>. In just under two years of their existence, Rigi has enabled thousands of creators to become entrepreneurs — a testament to the unparalleled customer love they have received,” Mayank Khanduja, partner at Elevation Capital said. Ananya and Swapnil, both batchmates from BITS Pilani, had previously founded HalaPlay, which was acquired by <keyword id="125145" type="General" weightage="50" keywordseo="nazara-technologies" source="Orion">Nazara Technologies</keyword> and Delta Corp in 2020. While working with social media influencers at HalaPlay, they recognized the growing presence of online creators and the potential of influencers' communities, which led them to establish Rigi. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/iit-startup-solinas-integrity-working-to-end-manual-scavenging-in-india-wins-big-on-shark-tank/articleshow/97296983.cms">The IIT-Startup working to end manual scavenging in India wins big on Shark Tank</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/list-of-top-20-richest-people-in-the-world/amp_articleshow/74475220.cms">Elon Musk, Warren Buffet, Gautam Adani, Mukesh Ambani &amp; more - World’s Top 20 richest people - Business Insider India</a>

Rigi raises ₹100 cr from Elevation Capital, MS Dhoni, Cred’s Kunal Shah & more

An FICCI-KPMG report, published in March 2016, predicted that the mobile gaming market in India will expand from $200 million in 2016 to $3 billion in 2019. While this sector is dominated by many international players (pun intended) like EA, as more Indians come online, the need for localized content has increased. 
 <keyword id="242260" type="COMPANY" weightage="20" keywordseo="Nazara">Nazara</keyword> is a game-developing company which is also the largest publisher of mobile games in India. Interestingly, they work on creating localized content. Their games have been varied; on Chhota Bheem for kids, <keyword id="6354486" type="PERSON" weightage="100" keywordseo="Virat-Kohli">Virat Kohli</keyword> and <keyword id="6354267" type="PERSON" weightage="20" keywordseo="Sachin-Tendulkar">Sachin Tendulkar</keyword> for Men, and <keyword id="6354563" type="PERSON" weightage="20" keywordseo="Hrithik-Roshan">Hrithik Roshan</keyword> for men &amp; women have topped app stores over the past year. 
 They also recently launched a new cricket game with <keyword id="13937" type="PERSON" weightage="20" keywordseo="Rohit-Sharma">Rohit Sharma</keyword> called Rohit Cricket Championship which is currently on the No 4 spot in <keyword id="6355629" type="CITY" weightage="20" keywordseo="Google">Google</keyword> <keyword id="1470391" type="ORGANIZATION" weightage="20" keywordseo="Play-Store">Play Store</keyword>. Nazara has exclusive mobile gaming license for the Indian cricket stars till 2018 to develop unique digital gaming experiences for millions of fans. 
 In an exclusive chat with <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword>, Nitish <keyword id="3835782" type="UNKNOWN" weightage="20" keywordseo="mittersain">Mittersain</keyword>, Founder and MD, Nazara Technologies talked about his company changing their model to be <a href="http://www.businessinsider.in/Heres-how-credit-cards-can-get-you-great-benefits-while-travelling/articleshow/55312440.cms">successful in a sector that is very volatile.</a> He said - “In 2004 when <keyword id="6354867" type="CITY" weightage="20" keywordseo="Sachin">Sachin</keyword> decided to come onboard with us, we realized that we cannot just develop our own games, but also get <keyword id="388837" type="UNKNOWN" weightage="20" keywordseo="intellectual-property">Intellectual Property</keyword> rights from companies and work with third party developers. We also developed <keyword id="3835783" type="UNKNOWN" weightage="20" keywordseo="nazara-games-club">Nazara Games Club</keyword>, which is a subscription-based platform that allows people to choose from a variety of games. This got us a lot of traction.” 
 
<a href="http://www.businessinsider.in/Five-popular-start-ups-that-have-shut-down-this-year/articleshow/55206750.cms">ALSO READ: Five popular start-ups that have shut down this year</a> 
 
In FY2016, Nazara has claimed to have generated Rs 220 crore in revenues and <a href="http://www.businessinsider.in/Paytm-sees-over-435-increase-in-traffic-since-yesterday/articleshow/55334259.cms">has clocked 35 million visitors. </a> 
 
Mittersain believes in the product and being frugal, and that is why his company has been profitable since 2008. He signs off by saying that he hopes that internet penetration in India increases so that the upcoming sectors like gaming can grow further.

This gaming company is creating mobile games for cricketers like Virat Kohli

<ul><li>The Indian stock markets could open on a negative note on September 20, snapping the upward trend from the previous week. </li><li>Trends on SGX <keyword id="6354813" type="General" weightage="20" keywordseo="nifty" source="Orion">Nifty</keyword> showed a decrease of 113 points, suggesting that Nifty could open in the red amid negative cues in other Asian markets. </li><li>Wipro and <keyword id="2351966" type="General" weightage="20" keywordseo="interglobe-aviation" source="Orion">InterGlobe Aviation</keyword> could be among the top stocks to watch out for on September 20. </li></ul><cmsannotation type="cmsannotation" annotationid="Wipro" comment="subhead" text="Wipro">Wipro</cmsannotation> Announced setting up a new co-innovation space with Google Cloud. It will be based in Bengaluru and provide support to business customers looking to onboard to the cloud. <cmsannotation type="cmsannotation" annotationid="InterGlobe Aviation" comment="subhead" text="InterGlobe Aviation">InterGlobe Aviation</cmsannotation> The government has decided to increase domestic flight capacity to 85 percent from 72.5 percent with immediate effect. <cmsannotation type="cmsannotation" annotationid="Cadila Healthcare" comment="subhead" text="Cadila Healthcare">Cadila Healthcare</cmsannotation> Received US Food and Drug Administration (FDA) approval for Vortioxetine tablets used to treat depression. <cmsannotation type="cmsannotation" annotationid="Nazara Technologies" comment="subhead" text="Nazara Technologies">Nazara Technologies</cmsannotation> Its subsidiary, Nodwin Gaming, has acquired the gaming business and related IP of OML Entertainment for ₹73 crore. <cmsannotation type="cmsannotation" annotationid="Bajaj Holdings" comment="subhead" text="Bajaj Holdings">Bajaj Holdings</cmsannotation> Approved a dividend of ₹90 per share, with the record date being September 29, 2021. <cmsannotation type="cmsannotation" annotationid="Indian Oil" comment="subhead" text="Indian Oil">Indian Oil</cmsannotation> Efforts underway to restart the crude processing unit at its Barauni refinery after an incident on September 16 injured 19 people. <cmsannotation type="cmsannotation" annotationid="Adani Ports &amp; SEZ" comment="subhead" text="Adani Ports &amp; SEZ">Adani Ports &amp; SEZ</cmsannotation> Has approved the issuance of ₹1,000 crore worth debentures. <cmsannotation type="cmsannotation" annotationid="Rail Vikas Nigam" comment="subhead" text="Rail Vikas Nigam">Rail Vikas Nigam</cmsannotation> Bagged a ₹1,035 crore contract for the Indore Metro Rail Project. <cmsannotation type="cmsannotation" annotationid="Zee Entertainment" comment="subhead" text="Zee Entertainment">Zee Entertainment</cmsannotation> US equity giant BlackRock has increased its shareholding in the company to 5.01 percent by picking up over 3 lakh equity shares via the open market. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-and-airtel-need-tariff-hikes-agr-moratorium-might-not-be-enough-say-analysts/articleshow/86285450.cms">Vodafone Idea and Airtel need tariff hikes, AGR moratorium might not be enough, say analysts</a> <a href="https://www.businessinsider.in/stock-market/news/chip-makers-like-nvidia-are-set-to-soar-as-semiconductor-sales-to-reach-544-billion-in-2021-bank-of-america-says/articleshow/86320628.cms">Chip makers like Nvidia are set to soar as semiconductor sales to reach $544 billion in 2021, Bank of America says</a> <a href="https://www.businessinsider.in/stock-market/news/from-tesla-to-netflix-these-are-the-companies-that-look-set-to-join-the-apos1-trillion-clubapos-in-the-next-5-years/slidelist/86319281.cms">From Tesla to Netflix: These are the companies that look set to join the '$1 trillion club' in the next 5 years</a>

Wipro, InterGlobe Aviation and other top stocks to watch out for on September 20

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Rigi raises ₹100 cr from Elevation Capital, MS Dhoni, Cred’s Kunal Shah & more

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This gaming company is creating mobile games for cricketers like Virat Kohli

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Wipro, InterGlobe Aviation and other top stocks to watch out for on September 20

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