Literati

Literati

A bookseller that focuses on solving the specific challenges parents face when finding the best books for their children.

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DateInvestorsAmountRound
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Late VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues00000000000000000000
% growth-32 %100 %13 %22 %
EBITDA00000000000000000000
Profit00000000000000000000
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Dealroom estimates

More about Literati
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Literati is an innovative startup that offers a unique book subscription service, catering to both adults and children. The company operates in the book club market, providing a curated selection of books each month. For adults, Literati collaborates with influential figures—referred to as Luminaries—from various fields such as business, sports, activism, and the arts. These Luminaries select and discuss a new hardcover book each month, offering subscribers an enriching and inspiring reading experience.

The business model is subscription-based, where customers pay a monthly fee to receive these curated books. Literati also offers a "try before you buy" option for children's books, allowing parents to receive a selection of books reviewed by educators and other experts. This ensures that children get access to high-quality, age-appropriate literature. The company makes money through these subscription fees and the sale of books that subscribers choose to keep.

Literati serves a diverse clientele. For adults, it targets readers who are looking for intellectual and inspirational content curated by celebrities and thought leaders. For children, it appeals to parents who want to foster a love for reading in their kids by providing them with expertly reviewed books.

In summary, Literati operates in the niche market of curated book subscriptions, offering a unique value proposition through celebrity involvement and expert-reviewed children's books. The company generates revenue through monthly subscription fees and book sales, providing a steady and predictable income stream.

Keywords: book subscription, curated books, Luminaries, celebrity involvement, children's books, try before you buy, monthly fee, intellectual content, inspirational reading, expert-reviewed.

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Investments by Literati

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Follett Book Fairs
ACQUISITION by Literati Jan 2022