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Global audio series platform Pocket FM, located in Gurugram, India, has received $16 million in debt financing from Silicon Valley Bank, a bank with operations in the US that were taken acquired by First Citizens Bank in March. The Gurugram-based firm intends to utilize the money to grow the creative community, develop the audio series collection, and increase income. In March 2022, it received $65 million in Series C financing. The overall capital injection has climbed to $109.5 million with the addition of this new debt round. <br>
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HOME CAMPAIGNS DIGITAL MEDIA MARKETING STARTUPS ECONOMIC MARKETS FUND RAISING Top Stories The Latest Campaign from Costa Coffee Urges Customers to Express Themselves Pocket FM Obtains $16 Million in Debt Funding to Increase it’s Audio Series Collection & Creative Community Home - Fund Raising - Pocket FM Obtains $16 Million in Debt Funding to Increase it’s Audio Series Collection & Creative Community Search here ... Latest Update RECENT POPULA R COMMO N May 3, 2023 Gurpreet Singh Sandhu’s Co More Years May 3, 2023 The Latest Campaign from Costa Coffee Urges Customers to Express Themselves Fund Raising May 3, 2023 By user 3 hours ago 0 14 1 minute read May 3, 2023 Facebook Twitter The Top Stock on the First Week of May 2023 Global audio series platform Pocket FM, located in Gurugram, India, has received $16 million in debt ?nancing from Silicon Valley Bank, a bank with operations in the US that were taken acquired by First Citizens Bank in March. The Gurugram-based ?rm intends to utilize the money to grow the creative community, develop the audio series collection, and increase income. In March 2022, it received $65 million in Series C ?nancing. The overall capital injection has climbed to $109.5 million with the addition of this new debt round. May 3, 2023 Pocket FM Obtains $16 Million in Debt Funding to Increase it’s Audio Series Collection & Creative Community Pocket FM is an online audio platform that delivers more than 10,000 hours of audiobooks and podcasts in three Indian languages—Hindi, Bengali, and Tamil and was established in 2018 by Rohan Nayak, Nishanth Srinivas, and Prateek Dixit. According to the ?rm, it is serving 80 million listeners worldwide and seeing high adoption of audio series and a rise in listening time, with users spending 150 minutes per day on average. Most Viewed Co-founder, and CEO of Pocket FM, Rohan Nayak shared that the debt ?nancing they have obtained provides them the resources to keep growing their content collection and create the biggest audio series platform in the world. The company’s development trajectory and goal of revolutionizing the audio entertainment industry are demonstrated by this investment. They can’t wait to capitalize on this momentum and continue to provide their listeners with engaging and interesting content. February 15, 2023 Adani Group equities are the Subject of This Week ECONOMIC The business claims that its sales increased by 12 times last year and will top $25 million in Annualized Revenue Run-rate (APR) in October 2022. Senior Vice President of Silicon Valley Bank, Chris Cameron revealed that Pocket FM has a creative vision for audio storytelling and is working to establish it as a popular entertainment format. Because of its innovative approach to audio entertainment and strong unit economics, the ?rm has substantial revenue potential in a sizable addressable market. HOME CAMPAIGNS DIGITAL MEDIA MARKETING STARTUPS MARKETS March 3, 2023 VCs’ ?xation with start-ups’ topline, says CEO of Infosys FUND RAISING Since its inception, Pocket FM has advanced signi?cantly and is currently one of India’s top audio entertainment platforms. With this most recent round of investment, the ?rm plans to grow its
January 31, 2023 collection of audio series and bring additional creators to its platform. It will be intriguing to watch how Pocket FM uses these resources to expand its operations and transform the world of audio entertainment. IHC investment leads Adani Enterprises shares to boost by 5% You can share this post! February 27, 2023 M-cap of the Adani Group falls below the Rs 7 lakh crore threshold Previous article In Bengaluru, Zypp Electric will Launch 10,000 Electric Scooters & Hire 5,000 Delivery Employees Next article The Top Stock on the First Week of May 2023 February 20, 2023 Adani Enterprises Shares Must Increase by up to 410% to Reach their 52- week Highs Related Articles FUND RAISING FUND RAISING FUND RAIS March 3, 2023 Buy Adani Group Stocks, Advises ICICIdirect Antler India leads INR 3 crore pre- seed fundraising round… Klub Provides Rs 40 cr in Money to… Aksum h Pre-Serie Most Reviews May 2, 2023 May 1, 2023 April 28 RECENT POPULA R COMMO N Leave a Reply May 3, 2023 Your email address will not be published. Required ?elds are marked * Gurpreet Singh Sandhu’s Co More Years Comment * May 3, 2023 The Latest Campaign from Costa Coffee Urges Customers to Express Themselves May 3, 2023 Name * Email * The Top Stock on the First Week of May 2023 POST COMMENT Newsletter HOME CAMPAIGNS DIGITAL MEDIA MARKETING STARTUPS ECONOMIC MARKETS Subscribe to our mailing FUND RAISING
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