Pocket FM completes its first ESOP buyback worth $8.3 million
The announcement follows Pocket FM's recent achievement of raising $103 million in Series D funding, valuing the company at $750 million in March.
Stay updated with breaking news from Nishanth Srinivas. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The announcement follows Pocket FM's recent achievement of raising $103 million in Series D funding, valuing the company at $750 million in March.
Pocket FM claims to have over 130 million listeners across the world who are spending an average of over 115 minutes on a daily basis.
Pocket FM, an audio streaming platform, is in advanced talks to raise over $80 million in a new funding round led by Lightspeed, while Pakistan-based local mobility services startup BusCaro has secured $1.5 million in a pre-seed funding round led by Orbit Startups.
India's Pocket FM, an audio streaming platform, on Tuesday announced that it has secured $16 million in debt funding from US-based Silicon Valley Bank.
The audio streaming startup plans to use the funds to expand its audio series library, augment its creator community, and accelerate revenue.