Total amount raised
$265 Millions
Latest funding date
July, 2021
Location
Pratilipi has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform serves as a digital hub for readers and writers, offering a variety of content in multiple Indian languages.
Continue reading to delve into the details of Pratilipi's funding journey and the investors who believe in its mission to connect stories and storytellers.
What Is Pratilipi?
Pratilipi, founded on March 12, 2015, is a digital platform headquartered in Bengaluru, Karnataka, India. It connects readers and writers through stories in multiple Indian languages.
The company was established by Nalinee Choudhary, Prashant Gupta, Rahul Ranjan, Ranjeet Pratap Singh, Sahradayi Modi, and Sankaranarayanan Devarajan. Pratilipi offers a space for discovering, expressing, and sharing stories, poems, and articles.
With a team of 251-500 employees, Pratilipi continues to grow, providing access to audiobooks, comics, podcasts, and a publication platform for authors.
How Much Funding Has Pratilipi Raised?
- Pre-Seed Round
- Amount Raised: $50K
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop the initial product.
- Seed Round
- Amount Raised: $925K
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's features.
- Series A
- Amount Raised: $4.3M
- Date: February 2018
- Lead Investors: Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase user acquisition.
- Series B
- Amount Raised: ₹1.1B
- Date: June 2019
- Lead Investors: Qiming Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To diversify content offerings and enter new markets.
- Series C
- Amount Raised: ₹706.8M
- Date: April 2020
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology infrastructure and support content creators.
- Debt Financing
- Amount Raised: ₹200M
- Date: June 2021
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage operational costs and sustain growth.
- Series D
- Amount Raised: ₹3.6B
- Date: July 2021
- Lead Investors: Krafton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand internationally and invest in new content formats.
- Debt Financing
- Amount Raised: ₹50M
- Date: January 2025
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing projects and prepare for future funding rounds.
- Venture Round
- Amount Raised: ₹51.1M
- Date: January 2025
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and prepare for an IPO.
Total Amount Raised: $10.1M
Current Valuation: Not publicly disclosed
Key Investors
- Alteria Capital
- Details: Alteria Capital is a venture debt fund based in India. They focus on providing debt financing to early and growth-stage companies.
- Investment Focus Areas: Early-stage companies, growth-stage companies.
- Notable Investments: Dunzo, Lendingkart, ZestMoney.
- Krafton
- Details: Krafton is a South Korean video game holding company known for its popular game, PUBG. The company invests heavily in the gaming and technology sectors.
- Investment Focus Areas: Gaming, technology.
- Notable Investments: PUBG Corporation, Bluehole Studio.
- Tencent
- Details: Tencent is a Chinese multinational conglomerate with a diverse portfolio in internet-related services and products. They are one of the largest technology companies in the world.
- Investment Focus Areas: Internet-related services, entertainment, AI, technology.
- Notable Investments: Epic Games, Tesla, Spotify.
- Qiming Venture Partners
- Details: Qiming Venture Partners is a venture capital firm that invests in early and growth-stage companies. They have a strong presence in the healthcare and technology sectors.
- Investment Focus Areas: Healthcare, technology, media, telecom.
- Notable Investments: Xiaomi, Meituan-Dianping, Bilibili.
- Omidyar Network India
- Details: Omidyar Network India is a social impact investment firm established by eBay founder Pierre Omidyar. They focus on investments that drive social change.
- Investment Focus Areas: Education, financial inclusion, governance & citizen engagement.
- Notable Investments: Dailyhunt, Aspiring Minds, 1mg.
What's Next for Pratilipi?
Pratilipi is poised for significant growth, with plans to raise an additional $12 million and prepare for an IPO in early 2026. The platform's extensive user base and content offerings in 12 languages present a substantial opportunity to expand its market reach and drive revenue growth.
Future fundraising efforts will be crucial as Pratilipi aims to achieve an operating revenue of INR 110 Cr by FY25 and INR 180 Cr by FY26. However, the company will need to navigate challenges such as maintaining profitability while scaling operations and managing competition from other content platforms.
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