<ul><li>Indian language digital storytelling platform Pratilipi has raised $20 million in a Series E funding round led by Singapore-based Jungle Ventures to fuel international expansion, particularly in the United States, and explore new storytelling formats.</li><li>The funding round included $12 million in primary investment and $8 million in secondary investment, bringing Pratilipi’s total funding to $108 million to date. The company's valuation dropped from $265 million to $100 million.</li><li>Pratilipi plans to use this funding round as its final primary fundraising round before a planned IPO in 2026. Chinese investors Qiming Venture Partners and Shunwei Capital will exit the company as a part of this investment.</li><li>With six business units and a successful freemium model generating significant revenue, the core online literature business of Pratilipi is now profitable and cash-flow positive, with a rise in revenue and a decrease in net loss.</li></ul>

Pratilipi Secures $20 Million in Series E Round Led by Jungle Ventures to Expand into US and New Storytelling Formats

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