Pocket FM, Audio OTT platforms, has announced it has raised $65 million in a Series C funding round from a clutch of investors. The funding was led by Goodwater Capital, Naver, and an existing investor – Tanglin Venture Partners.
This fundraising comes nearly three months after it raised $22.4 million in Series B funding in December last year. To date, the startup has raised a total of $93.6 million from investors such as Lightspeed, Tencent, Times Group, and Tanglin Venture Partners.
The platform will use the capital in strengthening its leadership position, investing in AI capabilities and building the largest audio creator community.
“This is a validation of our market leadership and trust in our execution capabilities. Audio consumption has seen exponential growth over the last year, and we are on a mission to build the largest audio OTT platform” said Pocket FM CEO Rohan Nayak. BCS Bureau