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Abu Dhabi's ADIA explores investment in India's Pocket FM, sources say

Posted on AllSides March 15th, 2024
From The Center

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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https://techcrunch.com/2024/03/15/abu-dhabi-adia-explores-investment-in-india-pocket-fm-sources-say

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