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Here is a detailed Case study about a Bangalore based Startup ๐'Pratilipi', world's largest digital platform 'Pratilipi'๐ is for readers as well as writers โ๏ธwith more than 20 million users. โก๏ธ It's available in several languages, like Gujarati, Urdu, Hindi, Malayalam, English, Kannada, Bengali, and Marathi. โก๏ธThe idea behind Pratilipi was to make available content in almost all languages of India so that everybody is compatible with their own language and nobody misses a chance to read. โก๏ธSahradayi Modi, Prashant Gupta, Ranjeet Pratap Singh, Sankaranarayanan Devaranjan and Rahul Ranjan are Founders of this massive platform 'Pratilipi'.๐ โก๏ธAbout the Story behind the Startup, the funder Ranjeet Pratap Singh says in his interview that once anybody starts reading books through their characters and stories, they can live many lives. Pratilipi is a Sanskrit word that means to copy. So, the founders selected the name Pratilipi because the readers can read the stories and can become a good, bad, or adventurous man as it is written in the story. โก๏ธThe company had already raised a total of $80.6 million๐ต in funding so far over the 7 funding rounds that it received, with the last Series D round coming from South Korean gaming giant Krafton Inc. The other participants in this July 14, 2021,, round included an existing investor, Omidyar Network India, and a band of other startup founders. โก๏ธPratilipi operating revenue surged from INR 34.9 crore๐ต in FY23 to INR 57.8 crore๐ต in FY24, and its losses saw a significant drop from INR 152.63๐ป crore in FY23 to INR 58.13๐ป crore in FY24. PRATILIPI SHAREHOLDERS PERCENTAGE๐ป Ranjeet Pratap Singh 4.7% Sankaranarayanan Devarajan 2.0% Omidyar Network 17.7% Nexus Venture Partners 10.4% Qiming Venture Partners 6.7% Shunwei Capital 5.0% Timesgroup 3.0% Krafton 15.6% Tencent 5.0% Asnu Finvest 5.0% Angel 4.6% ESOP Pool 6.3% Others 14% โก๏ธPratilipi, plans to launch its IPO๐ in January 2026, depending on market conditions, says co-founder Ranjeet Pratap Singh. The company aims to raise $12 million (โน100 crore) in a pre-IPO round, likely at a lower valuation than its previous funding round due to market trends. Thnks ready โ๏ธ:)
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Unique Startup Stories (20/20) Meet PRATILIPI, a language storytelling platform that brings readers, writers, and their stories together. ABOUT IT โข It was founded in 2015 on Bengaluru by Ranjeet Pratap Singh, Rahul Ranjan and Sankaranarayanan De
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