online storytelling platform pratilipi announced that it has raised a fresh round of funding of 48 million from krafton the makers of pubg this funding round takes the total amount pratilipi has raised till date to 788 million bengaluru headquartered pratilipi was cofounded in 2015 by prashant gupta sahradayi modi rahul ranjan sankaranarayanan devarajan and ranjeet pratap singh it started as an online readingwriting platform in indian languages that now has over 37 lakh writers and 30 million monthly active readers in 12 indian languages over the last 18 months pratilipi has launched two new products pratilipi fm and pratilipi comics and acquired two companies ivm podcast and the write order it has also started partnering with the ecosystem partners to bring engaging high quality literary content in other formats such as traditional books web series and animation with the krafton investment pratilipi and krafton will also start working on finding the best pratilipi stories that can be translated into globally successful gaming franchises the company said in a statement this new round of funding is going to help pratilipi strengthen its ip acquisition and development across various formats including audio books podcasts comics web series movies and games etc part of the investment will be utilised for expansion in several overseas markets it addedover the last 1218 months we have seen a lot of progress expanding into some new formats as well as finding newer ways for our creators to be successful we are both pleased and privileged to partner with krafton who shares our love for great stories and ip said ranjeet pratap singh ceo pratilipi the companys existing investor omidyar network india also participated in the round along with a host of start up founders including hemesh singh and gaurav munjal unacademy nishith rastogi locus sahil barua delhivery vidit aatrey meesho mekin maheshwari udhyam amit agarwal nobroker and ranjeet pratap singh ceo pratilipi avendus capital acted as the exclusive financial advisor to pratilipi on this transaction