India Digest: Rigi raises $12m from Elevation Capital, others; WhizHack bags $3m

India Digest: Rigi raises $12m from Elevation Capital, others; WhizHack bags $3m

Photo: Mint

Rigi, a platform for creators and influencers, on Wednesday said it has raised $12 million in a funding round led by Elevation Capital. Separately,  WhizHack, a cybersecurity solutions provider, has raised $3 million as a pre-Series A funding round.

Rigi raises $12m from Elevation Capital, others

Rigi, a platform for creators and influencers, on Wednesday said it has raised $12 million in a funding round led by Elevation Capital.

Returning investors Accel, Stellaris, and Sequoia and angel investors including cricketer Mahendra Singh Dhoni, Kunal Shah (founder of Cred), Amit Agarwal (founder of NoBroker), Chakradhar Gade (co-founder at Country Delight), Sharan Hegde (CEO of The 1% Club) also invested in the round.

With this, Rigi has raised a total of $25 million across three rounds of funding.

Founded in 2021 by Swapnil Saurav and Ananya Singhal, Rigi plans to use the proceeds to expand into newer categories as well as into other geographies.

WhizHack secures $3m

WhizHack, a cybersecurity solutions player, has raised $3 million in a pre-Series A funding round from its existing investors Vedswasti Holdings, Netherlands, and SAA Capital, Singapore at a valuation of $40 million.

Founded in November 2020, WhizHack claims to have grown its business from both enterprise and consumer segments by over 200%.

WhizHack will use the capital to expand its products and services across new markets including North America, Asia Pacific, and the Middle-East. It is also looking to accelerate the product development of its platform ZeroHack.

Edited by: Padma Priya

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