Pratilipi to raise fresh funding from Chinese firm Qiming, others
The deal will mark Chinese firm Qiming Ventures? first investment outside its home market and the US.Pratilipi chief executive Ranjeet Pratap Singh declined to comment on the fundraise;
- Chinese venture capital firm Qiming Venture Partners is set to lead a $15-20 million Series B funding round in regional language self-publishing platform Pratilipi , said two people aware of the development, requesting anonymity.
- Pratilipi’s existing investors , including Nexus Venture Partners, Omidyar Network and Chinese firm Shunwei Capital, are likely to participate in the round, said one of the people cited above.
- Mint reported on 10 January Pratilipi is in talks to raise $15-20 million from new and existing investors, which may include a new Chinese investor.