Pratilipi to raise fresh funding from Chinese firm Qiming, others
6 March 2019 7:31 PM GMT
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.