Pratilipi raises $20 Mn in Series E led by Jungle Ventures

Pratilipi, a digital storytelling platform, has secured $20 million in its Series E funding round, led by Jungle Ventures. The round includes $12 million in primary investment and $8 million through secondary share sales.

In a media statement, Pratilipi’s co-founder and CEO Ranjeet Pratap Singh said that the primary investment came from two individual investors. In the secondary transaction, Qiming Venture Partners partially exited by selling 75–80% of its shares, while Shunwei Capital made a full exit by selling all its shares.

The fresh round has come after a gap of nearly four years for the Gurugram-based firm.

Singh added that Pratilipi’s valuation dropped to $100 million from $265 million in the previous round.

This latest fundraise will support Pratilipi’s expansion into new storytelling formats, including animation and vertical drama shows, while also facilitating its entry into new geographies beyond India, the company said in a press release.

Pratilipi specializes in text and audio narratives in Indian languages like Hindi, Gujarati, Bengali, Marathi, and Malayalam. It offers a diverse range of content formats, including audiobooks, podcasts, comics, web series, and movies.

According to the startup data intelligence platform TheKredible, the Bengaluru-based firm has raised over $100 million to date. Its leading investors include Krafton, Nexus Venture Partners, Omidyar Network, and Tencent.

Pratilipi’s revenue from operations grew to Rs 57.8 crore in FY24 from Rs 35 crore in FY23. Due to tight control over expenses, the company’s net loss decreased by 62% to Rs 58.13 crore in FY24 from Rs 152.6 crore in the previous fiscal year.

Last year, Singh said that Pratilipi aims to launch an initial public offering (IPO) in January 2026, depending on market conditions.