In 2022, its corporate valuation reached 1.5 trillion won, placing it among unicorn companies. Manta, RIDI's global webtoon platform launched in 2020, has recorded 19 million cumulative downloads across 175 countries. Ridi's Manta Comics ranks second in the North American webtoon market by active users with 9.7%, following Naver Webtoon.
Cyborg Score Rationale
Ridi achieved unicorn status with a 1.5 trillion won valuation from the Government of Singapore Investment Corporation. Manta's global expansion to 175 countries with 19 million downloads demonstrates strong international traction. Recent strategic partnerships like the April 2026 collaboration with Hana Bank to distribute content show expanding distribution reach and B2B momentum.
Top Insights
In January 2026, Ridi launched manga services on its global Manta platform, diversifying beyond webtoons and web novels.
Manta pioneered a monthly subscription model ($4.99/month) in the webtoon industry, differentiating from competitors charging per-episode.
April 2026 partnership with Hana Bank to distribute RIDI content signals expansion into traditional financial sector channels.
Strategic MOUs with CJ ENM and VFX studios support IP-to-video content adaptation strategy, broadening monetization pathways.
Named Competitors
Naver Webtoon — Dominant webtoon and digital content platform with 70.5% North American market share
Tapas — Comics and web novels platform with 8% North American webtoon market share
Webtoon — Global digital comics and storytelling platform
Kindle — Digital e-books and self-publishing platform
Recent Developments
(April 2026) Signed business agreement with Hana Bank to distribute Ridibooks content through Hana OneQ mobile app with exclusive content offerings
(January 2026) Launched manga service on global Manta platform, expanding from webtoons and web novels to "all-in-one story platform"
(April 2024) Halted sale of specific web novels due to content exceeding review standards, prompting Korea Fair Trade Commission investigation
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