NEW DELHI: Toonsutra, India’s leading comic app, has successfully raised $3.2 million in a new seed funding round, reinforcing its position in the country’s rapidly growing digital entertainment sector.
The investment round was led by Germany’s Holtzbrinck Publishing Group, a global leader in science, education, and literature, with additional participation from venture funds GMJP, T-Accelerate, Google, and Graphic India, India’s premier original comic and animation studio.
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The funding will help Toonsutra accelerate its growth as the No.1 comic app in India, a status it has maintained on both Apple and Android platforms for over ten months, boasting more than two million downloads to date.
Founded by Sharad Devarajan and Vishal Anand, the platform leverages decades of expertise in startup innovation, comics, animation, and digital media to redefine the Indian webtoon market.
“We are honored to have the support of Holtzbrinck, Google, and other esteemed investors as we continue our journey to shape India’s webtoon and comic fandom,” said Vishal Anand, Co-Founder & CEO of Toonsutra.
“Our platform is not just about entertainment; it’s about fostering creativity, community, and storytelling by bringing world-class creators to Indian audiences in their local languages.”
Filmon Zerai, COO of Holtzbrinck Publishing Group, emphasized Toonsutra’s strategic position in India’s digital content market. “Toonsutra represents an exciting convergence of digital innovation and cultural relevance in one of the world’s most dynamic regions.
Their remarkable growth and leadership in mobile comics highlight their deep understanding of both content and technology. We are excited to support Toonsutra in expanding its reach among India’s massive youth audience.”
Toonsutra aims to capitalize on India’s 700-million-strong mobile youth market, offering a premium webtoon comics platform in Hindi, Tamil, and Telugu.
The company has partnered with global publishers to curate an extensive catalog of over 3,100 titles and 500,000 episodes, making it the most comprehensive webtoon library in the country.
“With over two million downloads, Toonsutra has demonstrated that Indian audiences are ready to embrace a new era of digital storytelling and fandom,” said Sharad Devarajan, Co-Founder & Chairman of Toonsutra.
“Our vision is to introduce the best webtoon comics from around the world in India’s local languages while nurturing a new generation of Indian creators who will shape the future of global pop culture.”
