Chennai-based start-up Notion Press has raised $1 million in pre-series A funding from a number of high net worth individuals. However, the company has not disclosed the investors’ names.
Notion Press offers various publishing, book printing, distribution and marketing services to both authors and publishers from around the world.
The money will help Notion Press to consolidate, strengthen its management team, and expand its services in the market.
Notion Press is a self-publishing platform for Indian writers, which allows them to publish and sell books around the world in both print and eBook form. It was founded in 2012 by Naveen Valsakumar, Bhargava Adepalley, and Jana Pillay. Since then, it has published over 2,000 authors and sold books in over 100 countries.
Valsakumar, Co-Founder and CEO, Notion Press Media Pvt Ltd, said, “We are growing aggressively and looking to go international this year. We will be intensifying our coverage across India and fuel our operations internationally as well with these funds. We have always envisioned Notion Press as a global publishing brand and have built everything to scale for the global market. We are launching our US operations in the middle of September and would be launching in three other countries by end of this financial year. With support from our investor group, we will be able to execute our vision more rapidly and broadly.”
A spokesperson from the investor group said, “We are very excited about this announcement. We commend the cutting-edge publishing solutions provided by Notion Press and the entrepreneurial spirit of the co-founders who put their heads down and built a sustainable and profitable business in just four years. Notion Press has shown tremendous potential in its growth and is well-placed to be a part of the publishing revolution in India in the coming years.”
“We are changing the way publishing solutions are provided to authors in India and do not see self-publishing as a pure service-driven business, our home-grown proprietary technology allows us to automate most parts of the publishing, distribution and book marketing workflow. Our USP is that we treat every book as a start-up and the author as its CEO,” added Valsakumar.
Notion Press is now working on a technology product that will help authors actively promote their work. Apart from its global expansion, it is also looking to offer its services in more Indian languages.
Source: Business Standard
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