Tech Company Financing Transactions
Pocket FM Funding Round
Lightspeed Venture Partners and Stepstone invested in a $103 million Series D funding round for Pocket FM. The round was announced on 3/20/2024.
Transaction Overview
Company Name
Announced On
3/20/2024
Transaction Type
Venture Equity
Amount
$103,000,000
Round
Series D
Investors
Lightspeed Venture Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand into the U.S. market, as well as into Europe and LATAM markets in 2024, to strengthen its content library and create a sound IP playbook.
Company Information
Company Status
Private & Independent
Industry
Entertainment
Mailing Address
B1-201, PWO Housing Complex Sector - 43
Gurgaon, Haryana, 122009
IN
Gurgaon, Haryana, 122009
IN
Phone
Website
Email Address
Overview
Founded in 2018, Pocket FM was built with a vision to redefine the entertainment space by pioneering the audio-series category. We pride ourselves in embedding the storytelling elements with a layer of content personalisation in the longer format that resulted in the emergence of "binge listening" as a consumption habit. Today, we have emerged as the preferred digital audio destination for a refined storytelling experience with the audio-series format, riding on our diverse and engaging content.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rohan Nayak
Co-Founder
Prateek Dixit
Co-Founder
Nishanth Srinivasagowda
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We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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