Wattpad, with this deal, can now grow its local community of readers and writers, establish new strategic partnerships, and create opportunities for Wattpad Studios to work with local partners to turn Wattpad stories into books, TV shows, films, and digital projects.
Wattpad CEO, co-founder Allen Lau commented, “We are happy to enter India and create more opportunities for India’s rich literary community to tell their stories, reaching new audiences in India and around the world.”
Times Bridge CEO Rishi Jaitly commented “Wattpad is a bold, proven idea that has changed how audiences around the world create and experience stories. Our investment will advance Wattpad’s mission, and original storytelling, across the Indian subcontinent, unlocking the creativity of many millions along the way. We are delighted to be working with a partner who sees growing creativity, diversity and value across the Indian market.”
Wattpad has a global community of more than 70 million people, and it aims to empower diverse storytellers from all over the world, helping local storytellers connect with readers everywhere. T