Pocket FM Funding: Pocket FM Audio Streaming Platform Raises $65 Million in New Funding

New Delhi: The Pocket FM audio streaming platform said on Thursday it raised $65 million in a funding round led by Goodwater Capital, Naver and an existing investor – Tanglin Venture Partners.

The company plans to use the new funds to strengthen its leadership position, expand into new languages, invest in AI capabilities, and build a large community of audio creators.

“We are delighted to announce our Series C funding and would like to thank Goodwater Capital, Naver and Tanglin Venture Partners for their confidence in us. This is a validation of our market leadership and confidence in our abilities to execute. Audio consumption has grown exponentially over the past year, and we’re on a mission to build the largest OTT audio platform,” said Rohan Nayak, co-founder and CEO of Pocket FM.

Pocket FM previously raised $28.6 million from high-profile investors including Lightspeed, Tencent, The Times Group, and Tanglin Venture Partners. ETtech is owned by Times Internet, part of the Times Group.

The platform offers over 100,000 hours of enriching long-form content, audio series, stories, novels, podcasts and knowledge shows in 8 languages ​​(Hindi, Tamil, Telugu, Malayalam, Bengali, English, Kannada and Marathi). It claims to have over 50 million users and over 3 billion monthly listening minutes.

“Pocket FM empowers audio creators around the world to create the best long-form audio content, from writing to dubbing, while giving consumers a channel to find and experience that content…” Scott Shiao, Director, Investment at Goodwater Capital noted.

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