Fan monetisation platform ReDesyn Raises Rs 3.5 Crore Led by Real Time Angel Fund
- ByStartupStory | July 17, 2023
Fan monetisation platform ReDesyn has secured Rs 3.5 crore in a compulsory convertible debenture (CCD) round led by Real Time Angel Fund (RTAF), a SEBI registered angel fund based in India, along with prominent investor Sukhbir Singh.
The raised funds will be utilized by ReDesyn to accelerate its growth trajectory, expand its user base, and further enhance its product offerings, according to a press release by the company.
ReDesyn empowers content creators to transform into creator-preneurs by offering them the ability to sell brands, merchandise, and services through their own ecommerce store. The startup provides a comprehensive range of tools and integrations that enable creators to craft various products and services on their own page or store, which can then be sold to fans worldwide.
In the past, the Mumbai-based startup had secured $500,000 in a bridge round from investors including Fluid VC, Capri Global, and others in August 2022. Additionally, ReDesyn raised $300,000 in a pre-Series A round in July 2021.
Real Time Angel Fund (RTAF) is an SEBI registered angel fund based in India, specializing in early-stage investments in innovative startups. The fund adopts a sector-agnostic approach but focuses on sectors such as healthtech, fintech, green energy, artificial intelligence, and consumer technology. RTAF provides startups with capital, mentorship, and operational support to help them thrive.
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