Tech Company Financing Transactions
Pocket FM Funding Round
On 5/2/2023, Pocket FM raised $16 million in funding from Silicon Valley Bank.
Transaction Overview
Company Name
Announced On
5/2/2023
Transaction Type
Debt
Amount
$16,000,000
Round
Undisclosed
Investors
Silicon Valley Bank (Lead Investor)
Proceeds Purpose
The company intends to use the funds to strengthen its audio series library, expand its creator community by attracting creative minds globally, and accelerate its revenue.
Company Information
Company Status
Private & Independent
Industry
Entertainment
Mailing Address
B1-201, PWO Housing Complex Sector - 43
Gurgaon, Haryana, 122009
IN
Gurgaon, Haryana, 122009
IN
Phone
Website
Email Address
Overview
Founded in 2018, Pocket FM was built with a vision to redefine the entertainment space by pioneering the audio-series category. We pride ourselves in embedding the storytelling elements with a layer of content personalisation in the longer format that resulted in the emergence of "binge listening" as a consumption habit. Today, we have emerged as the preferred digital audio destination for a refined storytelling experience with the audio-series format, riding on our diverse and engaging content.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rohan Nayak
Co-Founder
Prateek Dixit
Co-Founder
Nishanth Srinivasagowda
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