About Pencil
Pencil is a company based in Mumbai (India) founded in 2015 by Rabindra Nanda. It operates as a Two-Sided Marketplace. Pencil has raised $2.95 million across 6 funding rounds from investors including Mumbai Angels, LetsVenture and Rohan Builders. The company has 5 employees as of April 08, 2024. Pencil offers products and services including Book Publishing and Story Pitching. Pencil operates in a competitive market with competitors including Pratilipi, Pronoun, Blurb, Juggernaut and MatruBharti, among others.
- Headquarter Mumbai, India
- Employees 5 as on 08 Apr, 2024
- Founders Rabindra Nanda
- Stage Minicorn
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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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- Legal Name One Point Six Technologies Private Limited
- Date of Incorporation 22 Jun, 2007
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$292.13 K (USD)6.86as on Mar 31, 2023
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Net Profit
$-322.34 K (USD)24.98as on Mar 31, 2023
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EBITDA
$-169.75 K (USD)46.35as on Mar 31, 2023
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Total Equity Funding
$2.95 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Mumbai Angels
& 151 more
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Employee Count
5
as on Apr 08, 2024
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Products & Services of Pencil
Pencil offers a comprehensive portfolio of products and services, including Book Publishing and Story Pitching. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools for writing, publishing, and selling books worldwide.
Platform to pitch stories for screen adaptations.
Funding Insights of Pencil
Pencil has successfully raised a total of $2.95M across 6 strategic funding rounds. 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 Last Round
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First Round
First Round
(25 Sep 2017)
- Investors Count 152
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Pencil | Valuation | Orbit Startups |
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| Feb, 2021 | Amount | Seed - Pencil | Valuation | SOSV | |
| Jan, 2020 | Amount | Seed - Pencil | Valuation | SOSV |
| 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 Pencil
Pencil has secured backing from 152 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mumbai Angels, LetsVenture and Rohan Builders. 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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Startups are incubated across sectors without restrictions.
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Founded Year | Domain | Location | |
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Venture capital and accelerator services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage venture investments are facilitated by Mumbai Angels network.
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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 Pencil
| 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 - Pencil
| 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 |
Pencil Comparisons
Competitors of Pencil
Pencil 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, Juggernaut and MatruBharti, 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 |
|---|---|---|---|---|
| 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 |
Authors' writings are uploaded and automatically published via mobile platform.
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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' novels and stories are published and read online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Pencil
Frequently Asked Questions about Pencil
When was Pencil founded?
Pencil was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Pencil located?
Pencil is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Pencil a funded company?
Pencil is a funded company, having raised a total of $2.95M across 6 funding rounds to date. The company's 1st funding round was a Seed of $908.35K, raised on Sep 25, 2017.
How many employees does Pencil have?
As of Apr 08, 2024, the latest employee count at Pencil is 5.
What is the annual revenue of Pencil?
Annual revenue of Pencil is $292.13K as on Mar 31, 2023.
What does Pencil do?
Pencil is managed as an online platform for writers to self-publish books in paperback and ebook formats worldwide. It is designed to help users pitch stories or concepts for screen adaptations to studios through a marketplace. The platform is focused on enabling writers to monetize their work by removing traditional gatekeepers. Community engagement is facilitated to help stories gain visibility in the media and entertainment sector.
Who are the top competitors of Pencil?
Pencil's top competitors include Pratilipi, MatruBharti and Pronoun.
What products or services does Pencil offer?
Pencil offers Book Publishing and Story Pitching.
Who are Pencil's investors?
Pencil has 152 investors. Key investors include Mumbai Angels, LetsVenture, Rohan Builders, Xelp, and SucSEED.
What is Pencil's valuation?
The valuation of Pencil is $5.48M as of Feb 2021.
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