New Delhi, Mar 22: Global audio streaming platform Pocket FM on Wednesday said it has raised $103 million in its Series D funding led by Lightspeed with participation from StepStone Group.The new funding will strengthen the company’s push into the US market and also support global expansion as the company plans to expand into Europe and LATAM markets in 2024, it said in a statement.
The company will continue to strengthen its content library and create a strong IP playbook by providing the writer community with a stage to share their unique and unheard stories.
“Our focus remains on tapping into unique and exclusive stories to solidify our leadership in this emerging category and create a strong IP playbook. This latest funding validates our vision and the possibilities we bring to disrupt the industry,” said Rohan Nayak, CEO and Co-Founder of Pocket FM.