Pratilipi

Last updated

Pratilipi
Pratilipi app.png
Type of site
Available in
FoundedSeptember 2014;9 years ago (2014-09)
Headquarters Bengaluru, Karnataka, India
Created by
  • Ranjeet Pratap Singh
  • Prashant Gupta
  • Rahul Ranjan
  • Sahradayi Modi
  • Sankaranarayanan Devarajan
Subsidiaries
  • Pratilipi Comics
  • Pratilipi FM
URL pratilipi.com
CommercialYes
RegistrationOptional
Users 2 crore (20 million)
Current statusActive

Pratilipi is an Indian online self-publishing and audiobook portal headquartered in Bangalore. Founded in 2014, the company allows users to publish and read original works such as stories, poetry, essays, and articles in twelve languages: Hindi, Urdu, English, Gujarati, Bengali, Marathi, Malayalam, Tamil, Kannada, Telugu, Punjabi and Odia. The company also launched two other storytelling platforms - Pratilipi Comics & Pratilipi FM, and has also forayed into different formats such as web series, motion series, podcasts, and films. [1]

Contents

History

Pratilipi is a Sanskrit word meaning "you become what you read". [2] It allows users to publish and read original works such as stories, poetry, essays, and articles. It also allows readers to rate content others post, subscribe to authors, and interact with their followers through messaging. [3]

It was launched in September 2014 by Ranjeet Pratap Singh, Prashant Gupta, Rahul Ranjan, Sahradayi Modi, and Sankaranarayanan Devarajan to promote Indian languages. In its initial stage, it was a self-funded platform that allowed users to publish and read original works such as stories, poetry, essays, and articles in two languages- Hindi and Gujarati and had the first one million reads on the platform in 386 days. Later, the creators raised funding of 30 lakh from TLabs (Times Internet Accelerator) in March 2015 and raised another USD $1 million from investors led by Nexus Venture Partners in 2016. [3]

At its launch, the platform featured content in only two languages: Hindi and Gujarati. It later expanded to six more languages; Bengali, Marathi, Kannada, Tamil, Telugu and Malayalam. [2] [4] It also raised USD4.3 million from Series A round led by Omidyar Network in February 2018, [5] and in 2020 secured 76 crore in the funding round of Series C led by Tencent. [6]

In early 2018, the company raised Series A to expand and strengthen its product, technology, and data science teams. [5] By this time, Pratilipi had over 80 million content pieces that had been read on the platform with over 150,000 content pieces published by more than 22,000 authors. [7]

By 2020, Pratilipi expanded its language portfolio to the 12 most spoken languages across the country. [8] The company marked 10 Mn MAUs mark in January 2020 [9] and grew to 20 million in a span of five months. [10] In the year 2020, Pratilipi launched two storytelling platforms, Pratilipi Comics and Pratilipi FM [11] to experiment with newer formats such as audio and graphics and entered into various partnerships to explore formats such as motion graphics, web series, physical books. In late 2020, Pratilipi acquired IVM Podcasts, India’s premier podcast network to tap into the growing podcast industry. The company launched monetization features in 2021 and currently, most of the top-earning authors are women. [12]

In 2022, Flipkart collaborated with Pratilipi to provide e-books on its platform. [13]

In 2023, Audible (owned by Amazon) and Pratilipi entered into a deal to transform literary works into audiobooks and audio shows. [14]

Pratilipi reported operating revenue of 7.88 crore in FY22. [15]

Founding team

Pratilipi's parent company, Nasadiya Technologies Private Limited was launched in September 2014 and officially incorporated in March 2015 by Ranjeet Pratap Singh, Prashant Gupta, Rahul Ranjan, Sahradayi Modi, and Sankaranarayanan Devarajan to promote storytelling in Indian languages. [16]

Funding

In its initial stage, it was a self-funded platform. Later the creators raised funding of ₹30 lakhs from TLabs (Times Internet Accelerator) in March 2015 [17] and raised another USD1 million from investors led by Nexus Venture Partners in 2016. [18] It also raised USD $4.3 million from Series A round led by Omidyar Network in February 2018, [5] and in 2020 secured ₹76 crores in the funding round of Series C led by Tencent. In July 2021, in the Series D round, it raised $48mn led by Krafton Inc along with existing investors Omidyar Network and a few start-up founders. [19]

Products

Award and recognitions

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References

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