Total amount raised
$265 Million
Latest funding date
7/1/2021
Location
Pratilipi has successfully raised funds through 11 rounds, with notable investors including Jungle Ventures, Arnav Kumar, and Ravish Naresh. The platform connects readers and writers across various Indian languages, offering a diverse range of content from stories to essays.
Keep reading to explore the intricacies of Pratilipi's fundraising journey and the investors backing this innovative platform.
What Is Pratilipi?
Pratilipi, founded in Bengaluru, Karnataka, India, is a leading digital platform that connects readers and writers across multiple Indian languages. The company operates in the publishing and technology industry, offering a diverse range of content, including stories, poems, articles, magazines, novels, and essays.
With a workforce of 101-250 employees, Pratilipi has successfully raised funds through 11 rounds, with the latest being a Series E round. The platform fosters a vibrant community where users can read for free and writers can self-publish their work, making it India's largest digital platform for readers and writers.
How Much Funding Has Pratilipi Raised?
- Series E
- Amount Raised: USD 12,000,000
- Date: April 2025
- Lead Investors: Jungle Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and expansion of Pratilipi's platform.
- Secondary Market
- Amount Raised: USD 8,000,000
- Date: April 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series Unknown
- Amount Raised: USD 620,000
- Date: January 2025
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth until July 2025.
- Debt Financing
- Amount Raised: USD 600,000
- Date: January 2025
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth.
- Series D
- Amount Raised: USD 48,000,000
- Date: July 2021
- Lead Investors: Krafton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform offerings.
- Debt Financing
- Amount Raised: USD 2,700,000
- Date: June 2021
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth.
- Series C
- Amount Raised: USD 9,500,000
- Date: April 2020
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand content offerings and user base.
- Series B
- Amount Raised: USD 14,000,000
- Date: June 2019
- Lead Investors: Qiming Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform technology and user experience.
- Series A
- Amount Raised: USD 4,300,000
- Date: February 2018
- Lead Investors: Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the platform and attract more users.
- Seed
- Amount Raised: USD 925,000
- Date: June 2016
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and build initial traction.
Pratilipi has raised a total of USD 100,725,000. The current valuation is not publicly disclosed.
Key Investors
- Jungle Ventures
- Details: Jungle Ventures is a Singapore-based venture capital firm that invests in early to growth-stage startups across Southeast Asia and India. They focus on building long-term partnerships with entrepreneurs to help them scale their businesses globally.
- Investment Focus Areas: Technology, consumer brands, fintech.
- Notable Investments: Livspace, Kredivo, Moglix.
- Alteria Capital
- Details: Alteria Capital is a leading venture debt fund in India, providing debt financing to high-growth startups. They offer flexible financing solutions to help startups manage their capital requirements.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Dunzo, Lendingkart, Rebel Foods.
- Krafton
- Details: Krafton is a South Korean video game holding company known for developing and publishing popular games like PUBG. They invest in gaming and technology startups to expand their portfolio and market reach.
- Investment Focus Areas: Gaming, technology, entertainment.
- Notable Investments: PUBG Corporation, Bluehole Studio, RisingWings.
- Tencent
- Details: Tencent is a Chinese multinational conglomerate holding company known for its internet-related services and products, including social networks, music, web portals, e-commerce, and mobile games.
- Investment Focus Areas: Internet services, entertainment, AI, technology.
- Notable Investments: Flipkart, Swiggy, Ola.
- Qiming Venture Partners
- Details: Qiming Venture Partners is a leading venture capital firm in China, investing in early and growth-stage companies. They focus on sectors that drive innovation and economic growth.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Delhivery, Druva, Unacademy.
What's Next for Pratilipi?
Pratilipi stands on the cusp of significant growth, with opportunities to raise an additional $12 million and plans for an IPO in early 2026. The platform's focus on expanding its user base and content library aligns with the increasing interest in self-publishing and content platforms in India.
Future fundraising efforts are likely to be bolstered by the company's strong financial performance and the potential for profitability. However, Pratilipi will need to navigate challenges such as maintaining profitability while scaling and managing investor expectations as it prepares for public markets.
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