# Pocket FM Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pocket-fm-pvt

- Industry: Internet
- Headquarters: Bengaluru, India
- Website: www.pocketfm.in/
- Total disclosed funding: $196M
- Latest round: Series D (Mar 15, 2024)
- Investors on record: 10

## About

Based in India, Pocket FM Pvt. Ltd. operates a mobile platform specializing in diverse audio content, including stories and series across multiple genres, catering to a broad audience seeking immersive experiences.Founded in 2018 and headquartered in Bengaluru, India, Pocket FM Pvt. Ltd. delivers audio content through its innovative mobile application. The company was co-founded by Nishanth S., Prateek Dixit, and Rohan Nayak. In March 2024, Pocket FM successfully raised INR 8.57 billion in Series D funding, led by Lightspeed Venture Partners, with additional participation from StepStone. This funding round represents the total amount raised by the company, totaling INR 8.57 billion across all funding rounds. The company has closed 7 deals to date, with the most recent deal occurring on March 15, 2024.Pocket FM specializes in delivering a diverse range of audio series and stories primarily through its mobile application. The platform features various genres such as fantasy, drama, romance, and thrillers, catering to listeners seeking quality audio entertainment. Users can easily navigate through different series and subscribe based on their preferences, making the platform user-friendly and accessible. The customer base extends beyond India, with growing engagement in regions such as Southeast Asia and the Middle East.In the most recent year, 2021, Pocket FM reported a revenue of INR 193,864.90 mn. The company's revenue model is subscription-based, allowing users to access premium content via monthly or annual plans. This model is supplemented by partnerships with content creators, enhancing the platform's offerings and user engagement.Most recently, on March 15, 2024, Pocket FM raised INR 8.57 billion in Series D funding, which will be utilized to expand the company's global footprint and enhance its content offerings across various languages and genres. The company aims to penetrate new markets and geographic regions, further broadening its reach and audience. Specific details on upcoming products or launch timelines have not been disclosed but are anticipated as part of this strategic growth initiative.

## Funding rounds

- Series D, Mar 15, 2024, $103M — Lightspeed Venture Partners, StepStone
- Series C, Mar 3, 2022, $64M — Goodwater Capital, Naver, Tanglin Venture Partners
- Series B, Dec 6, 2021, $22M — Tanglin Venture Partners, Times Internet, Lightspeed India Partners
- Series A, Apr 21, 2020, $5.4M — Lightspeed Venture Partners, Brand Capital, Bennett Coleman & Co., Tencent Cloud Europe B.V.
- Seed, Jan 4, 2019, $0.7M — Times Internet, Lightspeed India Partners

## Investors

- Times Internet — Seed, Series B
- Lightspeed India Partners (https://capitalatlas.ai/funds/lightspeed-india-partners) — Seed, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series D
- Brand Capital (https://capitalatlas.ai/funds/brand-capital) — Series A
- Bennett Coleman & Co. — Series A
- Tencent Cloud Europe B.V. — Series A
- Tanglin Venture Partners (https://capitalatlas.ai/funds/tanglin-venture-partners) — Series B, Series C
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Series C
- Naver — Series C
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series D