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Pratilipi Bags $20 Mn Funding To Introduce Vertical Drama, Expand US Presence

  • 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.

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