Pratilipi, the Bengaluru-based self-publishing platform, has reported a significant surge in operating revenue for FY22, which grew 41.5 times to INR 7.88 Cr from INR 0.19 Cr in FY21.
The revenue growth came primarily from sales of services such as content and premium subscriptions, and brand advertising. The platform earned INR 3.14 Cr from subscription services and INR 2.31 Cr from brand advertising in FY22.
Pratilipi also reported a total income of INR 14.36 Cr in FY22, a 2.5 times increase from the previous fiscal year. However, the growth in revenue led to a wider net loss of INR 196.44 Cr, which surged from INR 96.19 Cr in FY21.
The expenses of the startup also rose along with revenue growth, reaching INR 210.8 Cr in FY22, which is a 2.1 times increase from the previous fiscal year. Pratilipi spent a significant amount of money on other expenses, including business promotion, legal and professional fees, rent, and IP development costs, which accounted for INR 176.08 Cr of total expenses.
The company’s employee benefit expenses also surged 1.7 times to INR 28.91 Cr from INR 16.82 Cr in FY21, indicating that the startup increased its headcount during the year.
Pratilipi is a self-publishing platform that connects readers and writers in 12 Indian languages, including Hindi, Tamil, English, Bengali, and Marathi. The startup allows users to publish stories, poems, and books in various formats, including audio and podcast.
Founded in 2015, Pratilipi has raised $80.6 Mn in funding and is backed by some big investors like Omidyar Network, Nexus Ventures Partners, and WEH Ventures.
