ReDesyn, a platform for fan revenue generation, has received Rs 3.5 crore in a compulsory convertible debenture (CCD) round that was led by Real Time Angel Fund (RTAF), an angel investment company with Indian SEBI registration, and notable investor Sukhbir Singh.
According to a news release from ReDesyn, the money will be used to accelerate the company’s growth trajectory, increase its user base, and improve its product offerings.
By enabling them to run their own online store, ReDesyn enables content creators to transition into creator-preneurs. The firm provides a large selection of tools and integrations that enable artists to build a variety of goods and services through their own page or shop and sell them to followers all over the world.
The Mumbai-based business had previously secured $300,000 in a pre-Series A round in July 2021 and $500K in a bridge round in August 2022 from Fluid VC, Capri Global, and others.
A SEBI-registered angel fund with headquarters in India, Real Time Angel Fund (RTAF) focuses on making early investments in creative enterprises. The fund supports entrepreneurs with funding, mentoring, and operational support and focuses on industries like healthtech, finance, renewable energy, artificial intelligence, and consumer technology.