Inkitt - About the company
Inkitt is a series C company based in San Francisco (United States), founded in 2013 by Ali Albazaz, Denis Stepanov and Denis Stepanov. It operates as an AI-based self-publishing platform for writers. Inkitt has raised $117M in funding from investors like New Enterprise Associates, Khosla Ventures and Axel Springer, with a current valuation of $*****. The company has 1495 active competitors, including 47 funded and 21 that have exited. Its top competitors include companies like Pratilipi, Kuku FM and Pocket FM.
Company Details
AI-based self-publishing platform for writers. The platform helps writers and book enthusiasts to publish, share, and discover stories on the platform. Uses algorithms to predict future bestsellers based on the reading list of users. Works with publishing houses to print top picks identified. The mobile application is available for Android users.
- Website
- inkitt.com
- Social
- Email ID
- *****@inkitt.com
Key Metrics
Founded Year
2013
Location
San Francisco, United States
Stage
Series C
Total Funding
$117M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on Feb 27, 2024
Investors
Ranked
4th among 1495 active competitors
Employee Count
336 as on Aug 31, 2026
Legal entities associated with Inkitt
Inkitt is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DIAMONDZ DELIGHTS LLC CIN: 6565017 , United States, Active | Aug 17, 2022 | - | - | - |
inkitt gmbh CIN: 163320 , Germany, Active | Mar 31, 2016 | - | 36 (As on Dec 31, 2022) |
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Inkitt's funding and investors
Inkitt has raised a total funding of $117M over 6 rounds. Its first funding round was on Nov 2015. Its latest funding round was a Series C round on Feb 27, 2024 for $*****. 5 investors participated in its latest round. Inkitt has 21 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of Inkitt:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 27, 2024 | 5003528 | Series C | 7151667 | 2019395 | 8283917 | 8389334 |
Mar 27, 2022 | 8223419 | Series C | 4215946 | 9355851 | 6076432 | |
Oct 05, 2021 | 6304094 | Series B | 7415707 | 1459356 |
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Inkitt's founders and board of directors
Founder? Claim ProfileThe founders of Inkitt are Ali Albazaz, Denis Stepanov and Denis Stepanov. Ali Albazaz is the CEO of Inkitt.
Here are the details of Inkitt's key team members:
- Ali Albazaz: Co-Founder & CEO of Inkitt and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
- Denis Stepanov: Co-Founder, Chief Architect of Inkitt and founder of 1 other company.
- Denis Stepanov: Co-Founder of Inkitt.
Inkitt's Board of Directors
Inkitt's board has 1 active member. Ali Albazaz is part of team.Here is the list of Inkitt's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 9m |
View details of Inkitt's Founder profiles and Board Members
Inkitt's employee count trend
Inkitt has 336 employees as of Aug 26. Here is Inkitt's employee count trend over the years:
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Inkitt's Competitors and alternates
Top competitors of Inkitt include Pratilipi, Kuku FM and Pocket FM. Here is the list of Top 10 competitors of Inkitt, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online self-publishing and storytelling platform offering digital literature in multiple languages | $97M | 81/100 | ||
2nd | Provider of an AI-native storytelling platform offering audio, video, and edutainment content | $122M | 80/100 | ||
3rd | Provider of audio entertainment including series, stories, and related content | $197M | 75/100 | ||
4th | Inkitt 2013, San Francisco (United States), Series C | AI-based self-publishing platform for writers | $117M | 73/100 | |
5th | Platform for users to read, write, and share original stories | $118M | 71/100 | ||
6th | Online platform for streaming internet radio, audiobooks, and more | $1.25B | 67/100 | ||
7th | Provider of platform for children to learn creative writing and publish | $1.5M | 60/100 | ||
8th | WEBook 2007, New York City (United States), Deadpooled | A collaborative book-writing website | $5M | 59/100 | |
9th | Lulu 2002, Morrisville (United States), Unfunded | Self-publishing platform for indie authors | - | - | 55/100 |
10th |  Realm 2015, New York City (United States), Series A | Subscription-based platform for listening to podcasts | $18.7M | 54/100 |
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Inkitt's Investments and acquisitions
Inkitt has made no investments or acquisitions yet.
Reports related to Inkitt
Here is the latest report on Inkitt's sector:
News related to Inkitt
Filter this listMedia has covered Inkitt for 1 event in last 1 year, It was about company updates.
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Inkit Introduces New Product Updates to Simplify Document Management and Team CollaborationBusiness Wire•Sep 09, 2026•Inkitt
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Inkitt, a self-publishing platform using AI to develop bestsellers, books $37M led by KhoslaStartupNews•Feb 27, 2024•Inkitt, Nea, Kleiner Perkins, New Enterprise Associates and 6 others
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Inkitt announce two new hires and a move to U.S-based headquartersBusiness Leader•Oct 17, 2022•Inkitt
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Henry Kravis Invests in Data-Driven Content House Inkitt Amidst Booming Company GrowthPR Newswire•Mar 28, 2022•Inkitt
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Data-driven publishing platform Inkitt raises $59 millionTech.eu•Oct 05, 2021•Inkitt, Holtzbrinck Digital, Kleiner Perkins, HV Capital and 2 others
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Inkitt inks a $59M investment, wants to turn its data-driven, self-publishing platform into a multi-media powerhouseTechCrunch+•Oct 05, 2021•Inkitt
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Berlin startup Inkitt secures more than 14 million eurost3n•Aug 29, 2019•Inkitt, Kleiner Perkins, HV Holtzbrinck Ventures, Earlybird and 3 others
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Inkitt raises $16M led by Kleiner Perkins to publish crowdsourced novels in ‘mini-episodes'TechCrunch+•Aug 28, 2019•Inkitt, Kleiner Perkins, HV Holtzbrinck Ventures, Xploration Capital and 4 others
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The New Storytelling App Galatea Brings Special Effects To Smartphone FictionForbes•Jan 26, 2019•Inkitt
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