Debt Financing
Vernacular digital content platform Pratilipi raises Rs.20-Cr from Alteria
Venture debt fund Alteria Capital has invested INR 20 crore in Bengaluru-based vernacular digital platform Pratilipi. The company will use the money to expand its user base through investments in marketing. Pratilipi is a storytelling platform that primarily focuses on Indian languages, including Bengali, Marathi, Malayalam, Tamil, Kannada, Urdu, Telugu and English.
From the Venture Intelligence PE-VC Deal Database: Between Feb-16 and Apr-20, Pratilipi had raised more than INR 215 crore from Shunwei Capital, Tencent, Omidyar Network, Nexus Venture Partners, Qiming Venture, WEH Ventures and Contrarian Drishti. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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