Gurugram-based digital storytelling platform Pratilipi has raised $20 million in its Series E funding round, led by Jungle Ventures. The round comprises $12 million in primary investment from two individual investors and $8 million through secondary share sales.

In the secondary transaction, Qiming Venture Partners partially exited by selling 75–80% of its shares, while Shunwei Capital made a full exit. This fresh round of funding comes nearly four years after Pratilipi’s last raise.

Despite the investment boost, Pratilipi’s valuation dropped to $100 million from $265 million in its previous round, CEO Ranjeet Pratap Singh confirmed. The company plans to utilize the funds for expansion into animation, vertical drama shows, and entry into new geographies beyond India.

Pratilipi, known for its text and audio narratives in Indian languages like Hindi, Gujarati, Bengali, Marathi, and Malayalam, offers a variety of content formats including audiobooks, podcasts, comics, web series, and movies.

According to TheKredible, the Bengaluru-based firm has raised over $100 million to date, with key investors including Krafton, Nexus Venture Partners, Omidyar Network, and Tencent.

Financially, Pratilipi’s revenue grew to ₹57.8 crore in FY24 from ₹35 crore in FY23, while its net loss shrank by 62% to ₹58.13 crore in FY24 from ₹152.6 crore the previous year, owing to stringent cost controls.

Looking ahead, Pratilipi aims to launch its IPO by January 2026, depending on market conditions, Singh had stated last year.