Pocket FM has raised $22.4 Mn in a round drove by Lightspeed

Pocket FM, (OTT) audio-centered app, has raised $22.4 Mn in a round drove by Lightspeed. Times Group and Tanglin Ventures have also joined the new round.

According to the Gurugram-based startup, the assets will be utilized to ramp up its operations and to assemble a larger substance creator local area while increasing presence across geographies. The startup will also invest in innovation for better recommendation algorithms.

Established in 2018 by Rohan Nayak, Nishant KS and Prateek Dixit, Pocket FM is an online marketplace that offers long-structure audio content including audio shows, stories, books and podcasts.

The startup claims that its app has north of 100,000 hours of content across various sorts from in excess of 17,000 writers and voice artists creating content in eight languages—Hindi, Tamil, Telugu, Malayalam, Bangla, English, Kannada and Marathi.