Pocket FM bags Rs 41 Cr in Series A; valuation scales 6X
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Vernacular audiobooks and podcast marketplace Pocket FM has raised Rs 41 crore in Series A round from Tencent, Times Group and Lightspeed India. Tencent Cloud BV led the round by investing Rs 23.41 crore, whereas Lightspeed India and Times Group infused Rs 11.22 crore and Rs 6.7 crore respectively, regulatory filings show. The deal was executed in April.