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Roundup · Consumer Internet & Media

Pocket FM raised $851 million in Series D funding

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Pocket FM logo
Date
Company
Pocket FM
What it does
audio drama platform
Kind
Roundup
Amount
$851.0M
Stage
Series D
Founded
2018
Sector
Consumer Internet & Media

What they do

Pocket FM is an audio drama platform offering binge-worthy fiction and immersive audio content

What happened

The company raised $851 million in Series D funding, making it one of the most funded startups in the media and entertainment sector

Why it matters

It operates with over 4,000 employees and competes with other major players like Hotstar, Gaana, and JioSaavn

The details

  • Pocket FM, an audio drama platform, raised $851 million in Series D funding, making it one of the most funded startups in India's media and entertainment sector.
  • The company offers a wide range of audio content, including fantasy, drama, romance, and thriller genres, with some of its most popular titles reaching over a billion plays.
  • The startup competes with other major players in the space, such as Hotstar, Gaana, and JioSaavn, which have also raised significant funding.
  • The funding round brings Pocket FM's total capital raised to $851 million, placing it among the top-funded startups in the sector.

About the business

  • Pocket FM is an audio drama platform that offers a wide range of content, including fantasy, drama, romance, and thriller genres.
  • Popular titles on the platform include 'Super Yoddha,' 'The Return of Tiger,' and 'Brahmyodha: The Destroyer,' which have reached over a billion plays collectively.

The deal

Type
funding

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