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Aya Lin · · 1 min readIn brief: Indian storytelling app raises $15m series B funding
- Pratilipi, an app for writers, has just raised US$15 million in a series B round to expand its network in India, bringing its total funding to about US$21 million, TechCrunch reports.
- Qiming Venture Partners led the round, which also saw participation from existing investors Nexus Venture Partners, Omidyar Network India, Shunwei Capital, Contrarian Vriddhi Fund, and WEH Ventures.
- A significant portion of the capital will go into engineering to improve story recommendations on the platform, Pratilipi CEO Ranjeet Pratap Singh said.
- The app claims to have more than 100,000 active writers and over 5.2 million monthly active readers.
Editing by Charmaine de Lazo
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