Abu Dhabi's ADIA explores investment in India's Pocket FM, sources say
Posted on AllSides March 15th, 2024
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Abu Dhabi’s sovereign wealth fund ADIA is in talks to back Pocket FM in a large new round of funding, two sources familiar with the matter told TechCrunch, as the Indian audio-storytelling platform makes deeper inroads in the U.S. The talks for the new round, which have been ongoing for more than a month, follows Pocket FM recently securing about $100 million in a separate round of funding from Lightspeed Venture Partners, the sources said, requesting anonymity as the details are not yet public. TechCrunch reported about Lightspeed Venture Partners...
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