Digital Entertainment Firm Rusk Media raises 74 crore in Series B

Startup: Rusk Media

Founders: Karanvir Sofat, Mayank Yadav, and Shantanu Singh

About us: Rusk Media is a full stack mobile first digital entertainment company with a content studio delivering premium serialized social & OTT video IPs across fiction & non-fiction targeting young adults. also specializes in creation of premium IPs , their distribution (through owned, managed and partner networks) and monetization (via multiple sales channels) - in India and abroad.

Founded Year: 2019

Office: Mumbai

Sector: Digital Entertainment

Funding Round: Series B

Investors: Woori Venture Partners, Yashaa Global Capital, LC Nueva Investment Partners, New Emerging Technologies Fund, Info Edge, LetsVenture, and Nodwin Gaming

In its Series B round, which is being headed by Woori Venture Partners and includes participation from New Emerging Technologies Fund, LC Nueva Investment Partners, and other investors, digital entertainment startup Rusk Media is funding 74 crore, or roughly $8.5 million.

According to Rusk Media's regulatory filing obtained from the Registrar of Companies (RoC), the board has adopted a special resolution to issue 11,663 Series B compulsory convertible preference shares at an issue price of 63,493 each in order to raise the aforementioned amount.

With an investment of 26 crore, Woori Venture Partners will head the round. Yashaa Global Capital, LC Nueva Investment Partners, and New Emerging Technologies Fund will each contribute 16.5 crore, 15 crore, and 10 crore. Together, Info Edge, LetsVenture, and Nodwin Gaming will invest the remaining sum.

Website: https://www.ruskmedia.com/