Pocket FM secures $65 million in Series C funding round

Audio OTT platform Pocket FM has raised $65 million in a series C funding round from a group of investors. With this investment, we are looking to grow our creator community further, be the biggest audio destination for entertainment and knowledge, and target five million paying users in the next 12 months,” Nishanth KS, co-founder and COO, Pocket FM, stated. “Pocket FM with its creator-first platform, is aiming to lead this wave of growth in the audio OTT space and fuel the next generation of entertainment experiences. We’re partnering with them in the entertainment and content market as they build a robust audio ecosystem for audiences and creators alike, and to support the company in its next chapter of growth,” YongJung (YJ) Park, investment director, Naver Corporation commented. The Pocket FM platform claims to offer over 1,00,000 hours of long-format content, audio series, stories, novels, podcasts and knowledge shows in eight languages such as Hindi, Tamil, Telugu, Malayalam, Bangla, English, Kannada, and Marathi.