Pratilipi

Last updated

Pratilipi
Pratilipi app.png
Type of site
Available in
FoundedSeptember 2014;10 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 "copy". [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

Related Research Articles

<span class="mw-page-title-main">Times Internet</span> Indian multinational technology company

Times Internet is an Indian multinational technology company, headquartered in Gurgaon, India which owns, operates and invests in various internet-led products, services and technology. It is the digital arm of The Times Group, the largest media conglomerate in India. Times Internet currently owns and operates 39+ digital products across news, sports, music, video, trivia, spirituality and a suite of transaction-led market-places across real estate, personal finance, education, jobs, table reservation, agri-business, etc.

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.

<span class="mw-page-title-main">Yebhi</span> Indian online shopping portal

yebhi.com was an Indian E-commerce portal for home, lifestyle and fashion, launched in the year 2009.

<span class="mw-page-title-main">Gaana (music streaming service)</span> Indian commercial music streaming service

Gaana is India's largest subscription-based commercial music streaming service with over 200 million monthly users. It was launched in April 2010 and owned by ENIL Provides both Indian and international music content. The entire Indian music catalog was available to users worldwide however as of 2023, the music library is restricted based on geolocation of subscribers. Post this the music catalog is severely limited for subscribers outside India. Gaana features music from 21 Indian languages including the major languages such as Assamese, Bengali, Bhojpuri, English, Gujarati, Hindi, Kannada, Urdu, Odia, Marathi, Punjabi, Tamil, Telugu, Maithili, Malayalam and other Indian regional languages.

<span class="mw-page-title-main">Vedantu</span> Indian Multinational Educational technology company

Vedantu is an Indian multinational online tutoring platform launched in 2014 based in Bengaluru, India. It primarily provides services to students in grades 4 to 12.

Dailyhunt is an Indian content and news aggregator application based in Bangalore, India that provides local language content in 14 Indian languages from multiple content providers.

<span class="mw-page-title-main">IGP (e-gifting retailer)</span> Indian multinational e-commerce company

IGP is an India-based online retailer of personalized, floral, gourmet, and handmade gifting products, as well as a distribution company, founded by Tarun Joshi in 2017. The company is headquartered in Mumbai, India, and operates in India, Singapore and UAE.

Uniphore is a conversational automation technology company. Uniphore sells software for conversational analytics, conversational assistants, and conversational security. The company is headquartered in Palo Alto, California, with offices in the United States, Singapore, India, Japan, Spain, and Israel. Its products are used by up to 75,000 customer service agents during approximately 160 million interactions per month.

The Ken is an Indian business news website based out of Bangalore, India. It was launched in 2016 as a premium subscriber-only platform that publishes one article per day. Its founders include Rohin Dharmakumar, Seema Singh, Sumanth Raghavendra and Ashish Mishra. PayTM founder Vijay Shekhar Sharma is an investor.

<span class="mw-page-title-main">Scripbox</span>

Scripbox is a Bengaluru-based digital wealth management service founded in 2012.

Doubtnut is an Indian educational app started by Tanushree Nagori and Aditya Shankar. Doubtnut is available as an Android application on Play Store or by accessing its official website.

<span class="mw-page-title-main">Medlife</span> Indian online medical provider

Medlife was an Indian online platform, which provided pharmacy, diagnostics, and e-consultation in India. It was founded in 2014 by Prashant Singh and Tushar Kumar. The company had a central laboratory based in Bangalore and operated in 29 states. In 2021, PharmEasy acquired Medlife, and merged Medlife's operations into its own platform.

Servify is a device management platform, founded in 2015. It is headquartered in Mumbai, India and operates in North America, Europe, Middle East, China and Turkey. It provides services such as product diagnosis, queue management, warranty and protection plans to its clients. In 2019, Servify was featured in Red Herring Asia Top 100 Technology company list.

<span class="mw-page-title-main">Cred (company)</span> Indian financial technology company

Dreamplug Technologies Pvt. Ltd. d/b/a CRED is an Indian fintech company, based in Bangalore. Founded in 2018 by Kunal Shah, it is a reward-based credit card payments app. CRED also allows users to make house rent payments and provides short-term credit lines.

Tata 1mg, previously 1mg, is a healthcare platform based in Gurugram, India. It provides services, including e-pharmacy, diagnostics, e-consultation, and health content. It was founded in April 2015 by Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan.

<span class="mw-page-title-main">Flipkart Health+</span> Indian e-commerce health platform

Flipkart Health+, is a e-commerce platform dealing in healthcare, online pharmacy, diagnostics and e-consultation in India. The company was co-founded in 2013, by Banwari Lal Mittal and Ravi Kant Sharma with the name SastaSundar Healthbuddy in Kolkata. On 1 April 2022 Flipkart acquired a majority stake in SastaSundar making it a Walmart-owned company.

<span class="mw-page-title-main">CIIE.CO</span> Indian startup accelerator

CIIE.CO is an Indian startup accelerator and incubator that supports early-stage startups located at IIM Ahmedabad in Ahmedabad, India. It was founded in 2002 to promote innovation and entrepreneurship in India. It is a Center of excellence set up at Indian Institute of Management Ahmedabad with support from the Government of India's Department of Science and Technology and the Government of Gujarat.

<span class="mw-page-title-main">Yellow.ai</span> Yellow.ai is a company in San Mateo, California that focuses on customer service automation

Yellow.ai, formerly Yellow Messenger, is a multinational company headquartered in San Mateo, California focused on customer service automation. It was founded in 2016 and provides an AI platform for automating customer support experiences across chat and voice. The platform supports more than 135 languages across more than 35 channels.

POPxo is a digital media platform based in Gurugram, India, that focuses on women's lifestyles and entertainment. Covering topics such as fashion, beauty, health, and relationships, POPxo is part of the Good Media Co, the media division of the Good Glamm Group. POPxo is frequently cited by news outlets such as Asianet News.

Pocket FM is an audio series platform, and has a presence in over 20 countries globally. The platform has over 250,000 content creators and over 130 million listeners spread across geographies.

References

  1. ↑ "Bengaluru-based storytelling platform Pratilipi raises $48 million". The Times of India. 15 July 2021.
  2. 1 2 "Revolutionizing the art of story-telling". 8 November 2024. Retrieved 8 November 2024.
  3. 1 2 Borkhetaria, Bhaamati (14 December 2016). "Online self-publishing goes desi". Forbes India. Retrieved 19 January 2017.
  4. ↑ zachariah, Preeti (15 April 2015). "Linking Indian languages". The Hindu. Retrieved 19 January 2017.
  5. 1 2 3 "Self-publishing Platform Pratilipi Garners $4.3 Mn Series A Funding Led By Omidyar Network". Inc42 Media. 5 February 2018. Retrieved 30 July 2018.
  6. ↑ "Tencent infused Rs 76 Cr in Pratilipi s Ongoing Series C Round". 30 April 2020.
  7. ↑ "Omidyar, others invest in e-publishing startup Pratilipi". VCCircle.
  8. ↑ "Digital storytelling platform Pratilipi to offer Indian language e-books via Flipkart". Moneycontrol. 2 December 2022.
  9. ↑ Upadhyay, Harsh (29 June 2020). "Pratilipi adds 10 Mn MAUs in first 5 months of 2020; 2 Mn users log in every day". Entrackr.
  10. ↑ Soni, Yatti (14 July 2020). "The Secret Behind Pratilipi Gaining 20 Mn MAUs In Five Months". Inc42 Media.
  11. ↑ "Bengaluru-based storytelling platform Pratilipi raises $48 million". The Times of India. 15 July 2021.
  12. ↑ Baruah, Antara (13 November 2022). "Pratilipi is the biggest boom for women writers. Malayalam, Bengali, Hindi rule". ThePrint.
  13. ↑ "Flipkart partners with Pratilipi to provide e-books on its platform: Details". The Times of India. 1 December 2022. ISSN   0971-8257 . Retrieved 31 March 2023.
  14. ↑ Jha, Lata (17 March 2023). "Audible partners with digital storytelling platform Pratilipi". mint. Retrieved 31 March 2023.
  15. ↑ Sarkar, Gargi (13 March 2023). "Pratilipi's Loss Doubles To INR 196 Cr In FY22". Inc42 Media. Retrieved 6 April 2023.
  16. ↑ "Ranjeet Pratap Singh, Sankaranarayanan Devarajan, Prashant Gupta & Rahul Ranjan: Language No Bar". Forbes India.
  17. ↑ "Online Self-publishing Goes Desi". Forbes India.
  18. ↑ "Exclusive: Nexus Venture backs self-publishing platform Pratilipi". Techcircle. 24 June 2016.
  19. ↑ Singh, Manish (14 July 2021). "Indian storytelling platform Pratilipi raises $48 million led by gaming giant Krafton". TechCrunch.
  20. ↑ Soni, Vinita (19 May 2016). "Pratilipi :How Social Media Marketing And Authentic Engagement Becomes Growth Factor". Digital Vidya. Retrieved 6 February 2017.
  21. ↑ "Here are the winners of the first edition of CBAM Awards -". www.animationxpress.com.
  22. ↑ "ASK PRIVATE WEALTH HURUN INDIA FUTURE UNICORN INDEX 2022 - Inventiva". 3 July 2022.
  23. ↑ "Flipkart partners with Pratilipi to provide e-books on its platform: Details". The Times of India. 1 December 2022.
  24. ↑ Jha, Lata (22 January 2022). "TVF acquires rights to Hindi short story". mint.
  25. ↑ "Epic graphic novel 'Atharva: The Origin' now available at Pratilipi Comics". ThePrint. 10 September 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.