Pocket FM Secures Massive $103 Million Investment for International Growth Plans
India-based audio platform Pocket FM has secured $103 million in Series D funding led by Lightspeed Ventures with participation from Stepstone Group.
Pocket FM offers audio series with several short episodes and aim to become the “Netflix for audio” globally.
That means you can’t use the coins you bought on Pocket FM to unlock content Pocket Novel products and vice versa.
Pocket FM also has a limited audiobook vertical where it competes with the likes of Audible with a similar pay-to-unlock strategy.
Abu Dhabi’s sovereign wealth fund ADIA has held talks with Pocket FM for a potential mega funding round, TechCrunch reported last week.
