Pratipi, a digital storytelling platform, has raised $20 million in a Series E funding round, with Jungle Ventures leading the investment. The round includes $12 million in primary funding and $8 million from secondary share sales.

In a media statement, co-founder and CEO Ranjit Pratap Singh revealed that the initial investment was contributed by two individual investors. This is the company's first major funding round in nearly four years. The Gurugram-based company's valuation fell to $100 million from $265 million in the previous round.

According to the company, the new capital is expected to facilitate its expansion into new storytelling formats such as animation and vertical drama shows, and support its growth into international markets outside India.

Transcript offers a wide variety of text and audio descriptions in Indian languages including Hindi, Gujarati, Bengali, Marathi, and Malayalam. Its content portfolio spans audiobooks, podcasts, comics, web series, and movies.

The Bengaluru-based firm has raised over $100 million so far. Notable investors include Krafton, Nexus Venture Partners, Omidyar Network, and Tencent.

Transcript's operating income increased to ₹57.8 crore in FY2024 from ₹35 crore in FY2023. With the imposition of stricter cost controls, the company's net loss was reduced by 62%, from ₹152.6 crore in FY2023 to ₹58.13 crore in FY2024.

Last year, Singh had hinted at an initial public offering (IPO) in January 2026, subject to market conditions.