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India’s Pocket FM Raises $103 Million in Funding to Expand Audio Series Globally
Pocket FM, an audio entertainment startup based in India, raised $103 million in funding as it eyes boosting its presence globally.
Pocket FM, a fast-growing audio entertainment startup based in India, said it banked $103 million in Series D funding as it looks to boost its presence in the U.S. and expand into Europe and Latin America. The round — which brings Pocket FM’s total funding to date to $196.5 million — was led by previous investor Lightspeed Ventures with participation from StepStone Group. “We identified an unexplored space in the entertainment industry driven by an increasing demand for audio fiction and crafted a playbook to address this opportunity across every key market,” Rohan Nayak, CEO and co-founder of Pocket FM, said in announcing the new funding.
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