Pocket FM Snags $103 Mn To Fuel Its Global Expansion

Pocket FM Snags $103 Mn To Fuel Its Global Expansion

SUMMARY

Pocket FM has raised its Series D funding round from Lightspeed and Stepstone Group.

The startup plans to use the fresh funds to fortify its presence in the US as well as to expand to Europe and LATAM markets

With the latest fundraise, the company’s valuation has jumped about 2X to $750 Mn, Inc42 has learnt

Audio entertainment platform Pocket FM has raised $103 Mn (INR 857 Cr) as a part of its Series D funding round led by Lightspeed, with participation from Stepstone Group. 

The startup plans to use the fresh funds to fortify its presence in the US as well as to expand to Europe and LATAM markets, apart from strengthening its content library and creating a strong IP playbook for writers.

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