BENGALURU : Digital vernacular content platform Pratilipi on Wednesday said that it has raised $48 million as part of a Series D round led by South Korean gaming giant Krafton Inc. Pratilipi said it will use the proceeds of this round to strengthen its intellectual property and develop its offerings across various formats, including audiobooks, podcasts, comics, web series, movies and games. Through the investment, Krafton will also work with Pratilipi to identify the best stories that can be translated for its global gaming franchises. The six-year-old firm is a storytelling platform that primarily focuses on Indian languages, including Bengali, Marathi, Malayalam, Tamil, Kannada, Urdu and Telugu. Over the past 18 months, Pratilipi has launched two new products, Pratilipi FM and Pratilipi Comics, and acquired two companies, IVM Podcast and The Write Order.

Source: Mint July 14, 2021 10:59 UTC