Funding Alert

Pocket FM raised $65 Mn in c series funding


Pocket FM, one of the leading Audio OTT platforms, has raised $ 65 million (about Rs 492 crore) in a Series C funding round from Goodwater Capital, Naver and existing investor Tanglin Venture Partners. The funds will be used in strengthening its leadership position, expanding new languages, investing in AI capabilities and building the largest audio creator community, the company said in a statement.

Rohan Nayak, Co-founder and CEO, Pocket FM said, “We are elated to announce our Series C funding and would like to thank Goodwater Capital, Naver, and Tanglin Venture Partners for their trust in us. This is a validation of our market leadership and trust in our execution capabilities. Audio consumption has seen exponential growth over the last year, and we are on a mission to build the largest audio OTT platform.”

Pocket FM

Pocket FM was founded in 2018, it offers 100,000+ hours of enriching content via long-format content, audio shows, stories, novels, and podcasts. With a wide community of 50k+ PUGC writers and voice artists, Pocket FM has a plethora of the finest and premium audio content in 8 languages (Hindi, Tamil, Telugu, Malayalam, Bangla, English, Kannada, and Marathi). Pocket FM empowers artists and listeners with their Creator Studio and Consumer App, catering to audiences with diverse choices. With over 50 million users and 3 billion+ monthly listening minutes, Pocket FM is one of the leading audio OTT platforms globally. The company is backed by some of the marquee investors like Lightspeed, Tencent, Times Group, Tanglin Venture Partners, Goodwater Capital, and Naver.

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