HomeSportsBGMI developer Krafton funded the Indian storytelling platform Pratilipi
BGMI developer Krafton funded the Indian storytelling platform Pratilipi
July 14, 2021
BGMI developer Krafton funded the Indian storytelling platform Pratilipi: Pratilipi, an Indian startup that’s a web-based storytelling platform acquired seed funding from the gaming big Krafton. Krafton developer of PlayerUnknown’s Battleground video games produces a number of video games all around the globe. On Wednesday it has raised $48 million in a brand new financing spherical led by Krafton. South Korean gaming big Krafton led the Collection D spherical for the seven-year-old Bangalore-based startup, bringing it’s to-date increase to $78.8 million.
Pratilipi, in an announcement, “Now we have been part of Pratilipi’s development story because the early levels,” stated Pratik Poddar, Principal at Nexus Enterprise Companions. “Over time, we now have witnessed the crew’s deep product focus, an obsession to make creators profitable, and eager understanding of monetizing content material IP which is extensible throughout totally different codecs.”
Krafton is specializing in the Indian market the place the net market and gaming market is rising section. This was not the primary funding from the gaming big within the Indian firm. In 2021 Krafton invested 160 CR in Nodwin Gaming after that additionally they funded the streaming startup Loco.
Current investor Omidyar Community India, in addition to scores of high-profile entrepreneurs together with Pratilipi chief government Ranjeet Pratap Singh in addition to Unacademy’s Hemesh Singh and Gaurav Munjal, Locus’ Nishith Rastogi, Meesho’s Vidit Aatrey, Udhyam’s Mekin Maheshwari and NoBroker’s Amit Agarwal, additionally participated within the spherical.
Pratilipi began its journey as a web-based studying and writing platform the place writers shared their tales in a number of Indian languages. The concept on the time was to create a platform the place high quality literary work may very well be hosted and shared in Indian languages, one thing that solely had sparse illustration on the net, stated Singh, who’s a voracious reader of Indian literary work and labored at Vodafone earlier than beginning Pratilipi, in an interview with a information platform.
Learn Extra: BGMI July Replace: Krafton pronounces Battlegrounds Cellular India partnership with Tesla