Audio streaming platform PocketFM is on the verge of becoming a unicorn, with a new fundraising round that is expected to raise its valuation to $1 billion or more. The company is in discussions for this new round of funding, which has been highlighted by a significant $103 million raise. This fundraising effort has made PocketFM a standout in the startup funding landscape, accounting for 46% of the $223 million raised in the sector this week. The deals have predominantly been in the late-stage category, with growth-stage deals making up 79% of the activity, followed by early-stage deals at 11.2%. Additionally, Abu Dhabi's sovereign wealth fund, ADIA, is considering a significant investment in PocketFM, showcasing confidence in the Indian startup ecosystem. The fourth week of March saw a total of $224 million in venture capital funding across 20 deals, with PocketFM's raise being one of the key transactions.