Serial fiction app Radish obtained by Kakao Home entertainment for $440M

Serial fiction app Radish obtained by Kakao Home entertainment for $440M

Serialized fiction app Radish will be obtained by Kakao Home entertainment in a transaction valued at $440 million. Kakao Home entertainment is owned by Kakao, the South Korean web giant whose services include its eponymous messaging platform. Radish founder Seungyoon Lee will keep his role as its chief executive officer, while likewise ending up being Kakao Home entertainment’s worldwide […] Kakao Entertainment is owned by Kakao, the South Korean web giant whose services include its eponymous messaging platform. Radish claims millions of users in North America, and the acquisition will be help Kakao Home entertainment expand its own webtoons and web unique service there, and in other English-speaking markets.

Serialized fiction startup Radish raises $63.2 M from SoftBank and Kakao

Serialized fiction startup Radish raises $63.2 M from SoftBank and Kakao

Radish is revealing that it has raised$63.2 million in new financing. Separating book-length stories into smaller sized chapters that are released over days or weeks is an idea that was popularized in the 19th century, and startups have been trying to restore it for a minimum of the past decade. Still, this round represents a […]
, and start-ups have actually been attempting to revive it for at least the previous years. One of the ideas Radish took from the Asian markets is rapidly upgrading its stories. Radish stories are primarily in the genres of romance, paranormal/sci-fi, LGBTQ, young adult, horror, thriller and mystery, and Kim stated the audience is mostly female and based in the United States. “With its own busy original material production, Radish is best positioned to end up being a leading gamer in the worldwide online fiction market,”stated SoftBank Ventures Asia CEO JP Lee in a declaration. …