Private Equity PE Fund Investments
Audio sharing app Pocket FM raises $65-M from Goodwater Capital, Naver, others
Source PTI (opens in a new tab)
Gurugram-based audio OTT (Over The Top) platform Pocket FM has raised USD 65 million (about INR 492 crore) in a Series C funding round from Goodwater Capital, Naver and existing investor Tanglin Venture Partners.
The funds will be invested in expanding into new languages, investing in AI capabilities and building a large audio creator community. Founded in 2018, the company claims to have over 50 million users and registered over 3 billion monthly listening minutes.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Jan-19 and Dec-21, Pocket FM raised $28.4 M from Tanglin Venture Partners, Lightspeed Ventures, Tencent, and others.