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Pocket FM CFO and SVP step down

What they do

Pocket FM is an audio streaming platform offering multilingual audio series and entertainment content

CFO Anurag Sharma and SVP Mayank Sancheti have stepped down; Abhilash Padival is reportedly the new CFO

The company is seeking $100–120 Mn at a valuation of up to $2 Bn, and recently laid off ~100 employees

Pocket FM's CFO Anurag Sharma has stepped down to explore entrepreneurial opportunities.
Sharma joined Pocket FM in 2021 as VP Finance and was elevated to CFO in July 2023.
He oversaw financial strategy, investor relations, compliance, fundraising, and strategic partnerships.
SVP Mayank Sancheti has also stepped down and is serving his notice period.
Sancheti handled product, monetisation, and growth; he previously worked at Grab and Uber.
Pocket FM is reportedly appointing Abhilash Padival as the new CFO.
Padival is Director India Investment Banking at Bank of America Merrill Lynch.
The company also laid off ~100 employees as part of restructuring, though it denies company-wide layoffs.

Pocket FM is seeking $100–120 Mn at a valuation of up to $2 Bn.
Its last valuation was $750 Mn during a $103 Mn Series D in 2024.
The Indian audio OTT market is projected to be a $3.2 Bn opportunity by 2030.
Competitor Kuku FM is gearing up for a $200 Mn IPO and appointed bankers in December 2025.

Pocket FM is an audio streaming platform offering multilingual audio series and entertainment content across genres.
It operates internationally in the US and Europe.
The company's tagline is 'The home of the world's best audio dramas'.
It features an AI story writing partner called 'Sherpa' on its website.
Pocket FM has raised $196 Mn to date.
Its ARR (annualised recurring revenue) was $430 Mn (₹4,000 Cr) in March 2026.
Revenue for FY25 was ₹1,768 Cr, up 68% from ₹1,052 Cr in FY24.
The company is free cash flow positive at nearly 5% EBITDA.