Gurugram-based audio OTT platform Pocket FM on Thursday said it raised $65 million in a Series C round led by Goodwater Capital, Naver, and existing investor - Tanglin Venture Partners.
According to a press statement, Pocket FM will use the fresh capital to strengthen its leadership position, expand into new languages, invest in AI capabilities, and build the largest audio creator community.
“In addition to audio entertainment, we saw 12X growth in consumption of self-help books and audio courses. Users are looking for high quality knowledge content to upskill themselves. 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.”