About Inkitt
Inkitt is a company based in San Francisco (United States) founded in 2013 by Denis Stepanov and Ali Albazaz.. Inkitt has raised $115.9 million across 6 funding rounds from investors including Kleiner Perkins, Khosla Ventures and National Education Association. The company has 184 employees as of April 07, 2024. Inkitt operates in a competitive market with competitors including Pratilipi, Pronoun, Blurb, MatruBharti and Juggernaut, among others.
- Headquarter San Francisco, United States
- Employees 184 as on 07 Apr, 2024
- Founders Denis Stepanov, Ali Albazaz
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Sectors
Media & Entertainment
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Email
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Phone
*********
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Website
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Social
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- Jurisdiction Savli, Gujarat, India
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Annual Revenue
$23.74 M (USD)57.55as on Mar 31, 2023
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Net Profit
$3.13 M (USD)3125.29as on Mar 31, 2023
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EBITDA
$3.63 M (USD)3206.28as on Mar 31, 2023
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Total Equity Funding
$115.9 M (USD)
in 6 rounds
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Latest Funding Round
$37 M (USD), Series C
Feb 27, 2024
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Investors
Kleiner Perkins
& 17 more
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Employee Count
184
as on Apr 07, 2024
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Funding Insights of Inkitt
Inkitt has successfully raised a total of $115.9M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $37 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $37.0M
- First Round First Round
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series C - Inkitt | Valuation | Vinod Khosla , Khosla Ventures | |
| Mar, 2022 | Amount | Series C - Inkitt | Valuation | New Enterprise Associates | |
| Oct, 2021 | Amount | Series B - Inkitt | Valuation | Scott Sandell , Axel Springer |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Inkitt
Inkitt has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Kleiner Perkins, Khosla Ventures and National Education Association. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in early-stage tech startups
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Early-stage startups are funded by this venture capital firm.
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Early-stage investments are directed toward ICT and health tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Inkitt
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Inkitt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Inkitt Comparisons
Competitors of Inkitt
Inkitt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pratilipi, Pronoun, Blurb, MatruBharti and Juggernaut, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Platform connecting readers and writers, offering digital literature in multiple languages
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| domain | founded_year | HQ Location |
A digital book publishing platform
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| domain | founded_year | HQ Location |
Book publishing software and Saas
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| domain | founded_year | HQ Location |
App-based self-publishing platform for vernacular e-books is operated.
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| domain | founded_year | HQ Location |
Authors' writings are uploaded and automatically published via mobile platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Inkitt
Frequently Asked Questions about Inkitt
When was Inkitt founded?
Inkitt was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Inkitt located?
Inkitt is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Inkitt?
Ali Albazaz is the current CEO of Inkitt. They have also founded this company.
Is Inkitt a funded company?
Inkitt is a funded company, having raised a total of $115.9M across 6 funding rounds to date. The company's 1st funding round was a Series B of $59M, raised on Nov 01, 2015.
How many employees does Inkitt have?
As of Apr 07, 2024, the latest employee count at Inkitt is 184.
What is the annual revenue of Inkitt?
Annual revenue of Inkitt is $23.74M as on Mar 31, 2023.
What does Inkitt do?
Inkitt was founded in 2013 in San Francisco, United States, as an AI-based self-publishing platform in the literary technology sector. Stories are published, shared, and discovered by writers and readers through the platform. Algorithms are utilized to predict potential bestsellers based on user reading patterns. Partnerships with publishing houses are established to facilitate printing of selected top titles. A mobile application is offered for Android users.
Who are the top competitors of Inkitt?
Inkitt's top competitors include Pratilipi, MatruBharti and Pronoun.
Who are Inkitt's investors?
Inkitt has 18 investors. Key investors include Kleiner Perkins, Khosla Ventures, National Education Association, Axel Springer, and Speedinvest.