Pratilipi online storytelling platform will receive $ 48 million in funding led by Krafton

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The online storytelling platform Pratilipi, led by South Korean games company Krafton, has raised $ 48 million in funding. Existing investor Omidyar Network India also participated in the Series D funding round, along with a number of startup founders including Sahil Barua from Delhivery, Hemesh Singh and Gaurav Munjal from Unacademy, Vidit Aatrey from Meesho and Amit Agarwal from NoBroker. Pratilipi CEO Ranjeet Pratap Singh also took part in this round.

So far, the storytelling platform has raised $ 78.8 million, including the last round. The company will use the latest resources to strengthen intellectual property acquisition and development of various formats such as audiobooks, podcasts, films, games, web series and comics. Part of the investment will also be used for expansion in the overseas market, the company announced.

CEO Ranjeet Pratap Singh said, “In the past 12 to 18 months we have made a lot of progress, expanded into some new formats and found new ways for our creators to be successful”.

The platform was founded in 2015 by Singh together with Prashant Gupta, Sahradayi Modi, Rahul Ranjan and Sankaranarayanan Devarajan. Pratilipi also owns and operates Pratilipi Comics, the IVM Podcast podcast studio, and Pratilipi FM.

Pratilipi based in Bengaluru has over 2.7 lakh writers and over 2.5 crore readers. It works in 12 languages ​​including Hindi, Gujarati, Tamil, Telugu, Malayalam, Marathi, Bengali, Kannada, English, Urdu, Punjabi and Odia.

Meanwhile, on July 2nd, Krafton launched Battlegrounds Mobile India (BGMI), the local version of the banned game PlayerUnknown’s Battlegrounds (PUBG).

Also read: PUBG owners are said to be worth $ 3.5 billion with Krafton’s initial public offering in South Korea
Also Read: Loco in Mumbai Receives $ 9 Million Funding; PUBG parent Krafton among the investors



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