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Indian self-publishing platform raises $1.2m in funding
Bengaluru-based self-publishing platform Pratilipi raised 10.11 crore rupees (around US$1.2 million) in a bridge funding round from Alteria Capital, with 5 crore rupees (around US$600,000) as debt and the remainder in equity, following a previous raise of 15 crore rupees (around US$1.8 million) in December 2024.
Co-founder Ranjeet Pratap Singh said the funds will support growth until July 2025 after achieving cash-flow positivity in July 2024.
Founded in 2015, Pratilipi connects readers and writers in 12 languages, serving 15 million subscribers and 950,000 writers, having raised over US$80 million from investors like Tencent and Nexus Venture Partners.
Pratilipi is also in talks to raise an additional US$12 million and prepare for an IPO in 2026.
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