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Content startup Pratilipi raises Rs 20 crore debt from Alteria Capital

Pratilipi has raised debt from venture debt firm Alteria Capital

Bengaluru / June 28, 2021 / 07:32 AM IST
Pratilipi has over 3.5 lakh writers who have published over 4.5 million stories in ten Indian languages. [Representative image: Unsplash]

Pratilipi has over 3.5 lakh writers who have published over 4.5 million stories in ten Indian languages. [Representative image: Unsplash]

Venture debt firm Alteria Capital has invested Rs 20 crore in regional language self-publishing platform Pratilipi, it said on June 28.

Founded in 2015 by Ranjeet Pratap Singh, Rahul Ranjan, Sankarnarayan Devarajan, Sahradayi Modi and Prashant Gupta, Pratilipi is a online self-publishing and audiobooks portal that features stories in ten Indian languages including Hindi, Gujarati, Marathi, Bengali, Malayalam, Tamil, Kannada, Telugu, Urdu and English.

Pratilipi has over 3.5 lakh writers who have published over 4.5 million stories in ten Indian languages and has over 28.5 million monthly active readers on the platform. The startup has also launched sub-categories and products within the brand including Pratilipi literature, Pratilipi comics and Pratilipi FM. The comics and FM categories have over 8 lakh and 3 lakh active users respectively.

The debt will be used for marketing and expanding its user base.