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Mridul Das

Introvert!ย โ€ขย 7m

Here is a detailed Case study about a Bangalore based Startup ๐Ÿš€'Pratilipi', world's largest digital platform 'Pratilipi'๐Ÿ“– is for readers as well as writers โœ๏ธwith more than 20 million users. โžก๏ธ It's available in several languages, like Gujarati, Urdu, Hindi, Malayalam, English, Kannada, Bengali, and Marathi. โžก๏ธThe 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. โžก๏ธSahradayi Modi, Prashant Gupta, Ranjeet Pratap Singh, Sankaranarayanan Devaranjan and Rahul Ranjan are Founders of this massive platform 'Pratilipi'.๐Ÿ“– โžก๏ธAbout 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. โžก๏ธThe company had already raised a total of $80.6 million๐Ÿ’ต 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. โžก๏ธPratilipi operating revenue surged from INR 34.9 crore๐Ÿ’ต in FY23 to INR 57.8 crore๐Ÿ’ต in FY24, and its losses saw a significant drop from INR 152.63๐Ÿ”ป crore in FY23 to INR 58.13๐Ÿ”ป crore in FY24. PRATILIPI SHAREHOLDERS PERCENTAGE๐Ÿ”ป 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% โžก๏ธPratilipi, plans to launch its IPO๐Ÿ“ˆ in January 2026, depending on market conditions, says co-founder Ranjeet Pratap Singh. The company aims to raise $12 million (โ‚น100 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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