About Pocket FM
Pocket FM is a company based in Bengaluru (India) founded in 2018 by Rohan Nayak, Nishanth K S, and Prateek Dixit.. Pocket FM has raised $196.66 million across 6 funding rounds from investors including Tencent, SVB and Naver. The company has 1,044 employees as of January 03, 2025. Pocket FM offers products and services including Audio Series & Stories App. Pocket FM operates in a competitive market with competitors including Spotify, Deezer, Pandora, Kuku FM and Wondery, among others.
- Headquarter Bengaluru, India
- Employees 1044 as on 03 Jan, 2025
- Founders Rohan Nayak, Nishanth K S, Prateek Dixit
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pocket Fm Private Limited
- Date of Incorporation 28 Sep, 2018
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$30.62 M (USD)99.9as on Mar 31, 2024
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Net Profit
$-1.83 M (USD)79.26as on Mar 31, 2024
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EBITDA
$-33.64 K (USD)99.57as on Mar 31, 2024
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Total Equity Funding
$196.66 M (USD)
in 6 rounds
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Latest Funding Round
$103 M (USD), Series D
Mar 16, 2024
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Investors
Tencent
& 13 more
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Employee Count
1044
as on Jan 03, 2025
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Products & Services of Pocket FM
Pocket FM offers a comprehensive portfolio of products and services, including Audio Series & Stories App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for accessing and listening to curated audio content
Unlock access to complete
Funding Insights of Pocket FM
Pocket FM has successfully raised a total of $196.66M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $103 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $103.0M
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First Round
First Round
(04 Jan 2019)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series D - Pocket FM | Valuation | Lightspeed India | |
| May, 2023 | Amount | Debt – Conventional - Pocket FM | Valuation |
investors |
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| Mar, 2022 | Amount | Series C - Pocket FM | Valuation | Naver , Goodwater Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pocket FM
Pocket FM has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tencent, SVB and Naver. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative startups across technology sectors.
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Founded Year | Domain | Location | |
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Diversified asset management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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Founded Year | Domain | Location | |
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Investments in consumer tech sectors are managed by Goodwater Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pocket FM
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pocket FM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pocket Fm Comparisons
Competitors of Pocket FM
Pocket FM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spotify, Deezer, Pandora, Kuku FM and Wondery, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Music streaming is offered on-demand to global users.
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| domain | founded_year | HQ Location |
Online platform for on-demand music and radio streaming
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| domain | founded_year | HQ Location |
Personalized internet radio stations and playlists are streamed for users.
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| domain | founded_year | HQ Location |
Audiobooks and stories in multiple Indian languages are provided.
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| domain | founded_year | HQ Location |
Podcast streaming platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pocket Fm
Frequently Asked Questions about Pocket FM
When was Pocket FM founded?
Pocket FM was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Pocket FM located?
Pocket FM is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Pocket FM?
Rohan Nayak is the current CEO of Pocket FM. They have also founded this company.
Is Pocket FM a funded company?
Pocket FM is a funded company, having raised a total of $196.66M across 6 funding rounds to date. The company's 1st funding round was a Series C of $65M, raised on Jan 04, 2019.
How many employees does Pocket FM have?
As of Jan 03, 2025, the latest employee count at Pocket FM is 1,044.
What is the annual revenue of Pocket FM?
Annual revenue of Pocket FM is $30.62M as on Mar 31, 2024.
What does Pocket FM do?
Pocket FM was founded in 2018 in Bengaluru, India, as a provider in the audio entertainment sector. A platform is maintained that delivers audio content, including completed series, new releases, and popular stories in genres such as romance, drama, and thriller. Content is created by multiple authors and tailored to varied listener interests, with operations centered on digital streaming services.
Who are the top competitors of Pocket FM?
What products or services does Pocket FM offer?
Pocket FM offers Audio Series & Stories App.
Who are Pocket FM's investors?
Pocket FM has 14 investors. Key investors include Tencent, SVB, Naver, Lightspeed Venture Partners, and Timesgroup.
What is Pocket FM's valuation?
The valuation of Pocket FM is $750M as of Mar 2024.
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