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Investments

7

Portfolio Exits

2

About Hemesh Singh

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Latest Hemesh Singh News

KRAFTON Inc leads Pratilipi’s $48 Mn Series D round

Jul 14, 2021

Online storytelling platform Pratilipi has raised $48 million in its Series D round led by South Korean gaming giant, KRAFTON Inc. Existing investor Omidyar Network India and a host of startup founders including Hemesh Singh, Gaurav Munjal, Sahil Barua, Vidit Aatrey, Mekin Maheshwari Amit Agarwal also participated in the round. Pratilipi will use the proceeds to strengthen its IP acquisition and development across various formats including audiobooks, podcasts, comics, web series, movies and games. A portion of the fund will be utilized for expansion in several overseas markets, said the company in a press release. The fresh raise takes the total amount Pratilipi has secured till date to $78.8 million. In April 2020, the Bengaluru-based company raised its Series C round led by Tencent. According to Entrackr’s sources, Pratilipi has been valued between $250-300 million in this round. During its Series C round, it was valued at around $100 million. The six-year-old company essentially focuses on text and audio storytelling in Indian languages such as Hindi, Gujarati, Bengali, Marathi, Malayalam and seven others. Pratilipi claims to have over 3.7 lakh writers and 30 million monthly active readers in 12 Indian languages on its platform. The company competes with ShareChat, Helo, YourQuote, and Matrubharti among a few others. The company also forayed into web series by partnering with Yali DreamWorks. Its first web series Midnight Lily is streaming on MX Player and YouTube. According to Pratilipi, it plans to co-produce three more series in the next 12-18 months. With the KRAFTON investment, Pratilipi and KRAFTON will also start working on finding the Pratilipi stories that can be translated into globally successful gaming franchises in the long haul (after 2-3 years). This is the third investment by KRAFTON in an Indian company in 2021. In March, esports platform Nodwin Gaming had raised Rs 164 crore from the South Korean gaming company. The distributor of PUBG in India had recently co-led a $9 million seed round in video game streaming platform Loco.

Hemesh Singh Investments

7 Investments

Hemesh Singh has made 7 investments. Their latest investment was in Pratilipi as part of their Series D on July 7, 2021.

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Hemesh Singh Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/14/2021

Series D

Pratilipi

$48M

Yes

3

5/31/2021

Series A

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$99M

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10

10/13/2020

Seed VC

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$99M

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10

9/15/2020

Seed VC

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$99M

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10

5/20/2020

Angel

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$99M

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10

Date

7/14/2021

5/31/2021

10/13/2020

9/15/2020

5/20/2020

Round

Series D

Series A

Seed VC

Seed VC

Angel

Company

Pratilipi

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Amount

$48M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Hemesh Singh Portfolio Exits

2 Portfolio Exits

Hemesh Singh has 2 portfolio exits. Their latest portfolio exit was Rheo TV on July 26, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/26/2021

Acquired

8

00/00/0000

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10

Date

7/26/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

8

10

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