
Digital entertainment startup
Rusk Media has raised Rs 100 crore ($10.6 million) in a Pre Series C funding
round led by Nazara Technologies. The round also saw participation from Info
Edge Ventures, IvyCap Ventures, and a consortium led by Audacity VC. In October
last year, Rusk Media had raised Rs 103 crore ($12 million) in its Series B
round led by IvyCap Ventures and others. With the latest infusion, the company
has raised around $32 million to date.
In addition, Rusk Media plans to
expand its existing intellectual properties, including I-Popstar and Engaged,
into new languages and international markets.
As part of the transaction,
representatives from Nazara Technologies and Audacity VC will join the
company's board. Rusk Media produces fiction, unscripted shows, animation,
vertical dramas, and live entertainment formats. Its content is distributed
through platforms such as Amazon MX Player, JioHotstar, social media channels,
and Alright! TV.
About Rusk Media
Rusk Media has been Founded in
2019 by Mayank Yadav. Rusk Media creates and distributes mobile first content
across social media, OTT platforms, and Alright! TV.
The company also plans to invest
in AI driven production capabilities, including proprietary tools aimed at
reducing production costs, improving content creation efficiency, and enhancing
monetisation.