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DeepNewz, mobile.
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Pocket FM, a Bengaluru-based audio platform known for its series with short episodes, has successfully raised $103 million in a Series D funding round. This significant financial boost is aimed at supporting the company's ambitious plans for global expansion, particularly focusing on markets in Europe and Latin America. The Series D funding round was led by Lightspeed, with participation from StepStone Group, marking a notable milestone in Pocket FM's growth trajectory. The company is valued at $750 million following this latest investment. Lightspeed India highlighted Pocket FM's unique pricing strategy and its vision for establishing a sustainable and profitable business model as key factors distinguishing it in the entertainment landscape.
“What sets Pocket FM apart is its vision to set up a sustainable and profitable business, backed by its unique pricing strategy. It emerges as a great reference for the entertainment landscape, with its capability to demonstrate strong unit economics. They are not just building a… https://t.co/uI0q2SoqNm
🚨 @PocketFM_App, a audio-streaming #startup raises $103M in Series D funding led by @LightspeedIndia with participation from @stepstonegroup. @CNBCTV18News #Funding #PocketFM https://t.co/Rgwk3IRL3t
India's audio platform Pocket FM is setting its eye on expansion in Europe and Latin America after bagging $103 million in Series D round from Lightspeed. https://t.co/c2IBFIIit6
