Lit-Era

Startup Name: Knigolub ltd

Category: E-commerce & Online marketplaces

Stage: Post Seed

Country: Ukraine

Startup Website: lit-era.com

About: We are a new kind of literary marketplace. It's is a kind of library where indie writers publish their stories at any stage of writing. Generally, visitors read most of the books chapter-by-chapter as the writer publishes new parts. It sounds like Wattpad model. But Lit-era gives authors the option to publish story part-by-part for free as well as to sell access to the book which is still in the process of publishing. So this service solves the problem of monetization for writers who are popular on crowd-publishing platforms. Moreover, it gives for professional authors possibility to earn money from the new market – fans of reading part-by-part. Such publishing is the best protection of ebook sales from piracy because pirates distribute only complete books. Our records of 2016: a) 1000+ copies of a new book of indie author sold per the first day of sales (August 2016) b) 35000+ copies (complete and incomplete books) sold in December 2016 d) 75K+ daily users (December 2016) e) 21min+ - time on the site per visit