Indian self-publishing platform Pratilipi has raised $20m in a Series E funding round.
The funds will be used to develop new storytelling formats, such as animation and vertical drama shows, as well as to expand the company's presence in the US market.
Pratilipi plans to cater to both the Indian diaspora and the native population of the US, targeting a more mature audience compared to competitors like Wattpad.
The company is also considering a potential IPO in early 2023 and has already held talks with bankers.