YourStory Acquires Self Publishing E-book Platform Papyrus Editor

Bangalore-based media tech company, YourStory, has acquired Papyrus Editor, an online editor to create ebooks, in a cash-and-stock deal.

With this, Gaurav Tiwari, founder and CEO of Papyrus Editor, will join YourStory as its key tech lead.  He will be responsible in building new technology products that YourStory is working on, especially the Indian languages user-generated content (UGC) product. It is expected to be launched by January 2016.

Papyrus was started in 2012 by Gaurav Tiwari. It is a self-publishing platform for editors that helps them create e-books by using an easy-to-use interface. It has various features like to create cover page, import content from web, create new content or put up a book for sale.

Gaurav Tiwari, founder and CEO of Papyrus said that being a part of YourStory will give them an access to a larger no. of audience and help take the product to the next level.

Launched in 2008 by Shradha Sharma, YourStory, has published over 20,000 stories of entrepreneurs. Along with its sister platforms like HerStory, SocialStory, YS TV, YS Research and YS Pages, YourStory has reached 60 Mn engaged readers.

The company has also hosted over 220 events across YS Meetups, TechSparks, MobileSparks and SheSparks. These events have had a direct impact on over 1.7 Mn people.

Earlier in August 2015, YourStory raised an undisclosed amount from HNIs including T V Mohandas Pai and Ratan Tata and venture fund, Kalaari Capital, with participation from Qualcomm Ventures.

Shradha Sharma founder & CEO of YourStory stated, “I met Gaurav Tiwari, who is a remarkable entrepreneur, last year, and immediately realised there was an opportunity for great synergy. We knew we shared a similar vision to give everyone the ability to share and communicate through their stories.”

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