8.99 dollar per month E-book reader: e-book subscribers

Scribd, which offers an ebook subscription service, recently received 22 million dollars in funding.

Scribd, formerly an electronic document-sharing, was founded in 2007 and hatched in YC, one of the most successful graduates of the year. However, given the weak commercial liquidity of electronic document sharing, the start-up launched an E-book subscription service last October. Users pay only 8.99 dollars a month to read 50多万册 's e-books indefinitely.

Scribd's monthly independent visitors reached 80 million, and the average monthly growth rate of e-book subscriptions reached 31%. A few months ago, the company rolled out audio books, and users have been listening for up to 180,000 hours.

This round of financing by Khosla Ventures, the original investors Redpoint Ventures, Charles River Ventures, and so on, the round of financing after the total amount of financing has reached 48 million U.S. dollars. The proceeds will be used to improve products, improve the reading experience and improve reading recommendations, while continuing to increase content supply-SCRIBD is planning to reach a partnership with all major distributors by the end of the year.

But not just Scribd, Oyster, entitle and Amazon's Kindle Unlimited offer similar services.