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Pocket FM

Audio series platform with freemium model

Overview

Pocket FM provides a mobile audio platform with a large catalog of serialized shows across romance, horror, thriller, and drama. Users stream or download episodes through a freemium app, unlocking more content via coin packs on a pay-per-episode model and through ads. It distinguishes itself with a heavy emphasis on professionally user-generated content created by a community of writers, storytellers, and voice actors, and uses AI to power recommendations and scale content creation. The goal is to become a leading global home for serialized audio entertainment, growing the creator economy and delivering personalized long-form audio with offline listening and tailored recommendations.

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About Pocket FM

Simplify's Rating
Why Pocket FM is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsConsumer SoftwareAI & Machine LearningEntertainment

Company Size

1,001-5,000

Company Stage

Series D

Total Funding

$212M

Headquarters

Bengaluru, India

Founded

2018

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What believers are saying

  • September 2026 ARR hit $500 million, with EBITDA positive and 70% U.S. revenue.
  • Sherpa launched globally in September 2026, accelerating creator output and franchise development.
  • Pocket FM plans Japan and South Korea expansion within six to eight months.

What critics are saying

  • ET reported May 2026 layoffs of 100 employees and 2,000 contractors moved to Quess payroll.
  • Investors are scrutinizing revenue quality, repeat usage, content costs, and CAC payback before funding.
  • If AI-generated stories flatten engagement, Pocket FM's content moat and India IPO case collapse.

What makes Pocket FM unique

  • Pocket FM's AI-native narrative engine scaled production to 2.5 million hours by September 2026.
  • It monetizes episodic audio through microtransactions, not ads alone, unlike podcast platforms.
  • Sherpa and Pocket Saga create an integrated creator-to-consumer pipeline across formats.

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Funding

Total Funding

$212M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
$80M
$100M
$103M

Company News

afaqs!
Oct 23rd, 2026
JioStar appoints Devika Shiivdasani as senior VP & head of programming.

JioStar appoints Devika Shiivdasani as senior VP & head of programming. Prior to this, she served as senior creative director at Pocket FM. 23 Oct 2026 11:03 IST Devika Shiivdasani has joined JioStar as senior VP creative & content, head of programming at Star Pravah. She announced the move in a LinkedIn post, saying: "I'm happy to share that I'm starting a new position as Senior VP Creative & Content, Head of Programming at JioStar, Star Pravah!" Shiivdasani joins JioStar after over two years at Pocket FM, where she was senior creative director. Before Pocket FM, Shiivdasani spent nearly four years at ZEE5 as series head (SVP) - Hindi Originals, overseeing the development of Hindi original series across genres and working across writing, production, casting and post-production. She previously spent over 11 years at Sony Pictures Networks India as VP programming (creative director), working on fiction programming and show launches. Her earlier roles include group creative head at INX Media and Star India, creative head at Balaji Telefilms, and executive producer roles at UTV and In-House Productions.

Medianews4u
Sep 23rd, 2026
Pocket FM launches Sherpa with campaign across India and the US.

Pocket FM launches Sherpa with campaign across India and the US. Reading Time: 2 mins read Bengaluru: Pocket FM has launched a global campaign for Sherpa by Pocket FM, its AI-powered fiction-writing platform, across India and the United States. Rolled out across San Francisco, Bengaluru and Mumbai, the campaign centres on the idea that AI can help writers build entire fictional worlds rather than simply generate sentences. Sherpa is built as a self-evolving agent harness using custom-trained proprietary models, combining hierarchical story planning, long-term narrative memory and narrative prose generation. The platform is designed to help creators develop immersive stories spanning hundreds of episodes. Built around Narrative Intelligence, Sherpa is designed to understand and maintain complex fictional worlds as they evolve, tracking characters, relationships, conflicts and storylines rather than treating each episode as an isolated piece of text. According to Pocket FM, Sherpa has helped drive a 75x increase in annualised content production to more than 2.5 million hours, along with a 10x increase in the number of blockbuster titles. Its development draws on Pocket FM's ecosystem of more than 770,000 titles, 550,000 creators and 5.5 billion hours of audience playtime. At the centre of the campaign is a satirical film featuring Rohan Nayak, Co-founder of Pocket FM, alongside actor Chris Diamantopoulos. Diamantopoulos plays a fictional tech investor and Pocket FM board member who believes Sherpa could change the world and make him its first deserving trillionaire. The film uses humour to subvert conventional technology launch narratives while highlighting the challenge Sherpa aims to address: helping creators turn an initial idea into a complex, sustainable long-form story. The campaign subsequently extended across social platforms and into an outdoor activation in the San Francisco Bay Area, where an aircraft carrying the Pocket FM flag flew across the technology market. The activation was designed to reflect Pocket FM's growing international presence and Sherpa's global positioning. In India, the campaign used outdoor and print innovations across Bengaluru and Mumbai. One outdoor execution transformed a billboard into a snow-covered mountain, featuring climbers scaling its surface alongside the line, "Writing stories is no more a climb." In Bengaluru, Pocket FM also transformed the front pages of some leading newspapers into blank canvases carrying the line, "This isn't a blank page. It's where every great story begins." The execution encouraged readers to begin writing directly on the page, positioning Sherpa as a creative partner that can help develop an initial idea. "Sherpa is complex technology built around a simple human truth: more people have stories in them than believe they can write," said Vineet Singh, Global Head of Brand Marketing, Communications, Partnerships & Public Affairs, Pocket FM. "That shaped the entire launch. Across film, social, print, outdoor and even the skies above San Francisco, we used one idea in very different ways: with the right companion, creating an entire fictional world no longer needs to feel like a climb. Taking the campaign beyond India also reflects the global ambition behind Pocket FM and Sherpa. We want to make powerful storytelling tools accessible to creators wherever they are and, ultimately, get more people writing." The campaign marks the global consumer-facing launch of Sherpa as Pocket FM continues to develop AI-powered tools aimed at making entertainment creation faster and more accessible. The platform is positioned to enable individual creators to develop stories that can scale across languages, markets and formats.

The Economic Times
Sep 19th, 2026
Pocket FM launches AI fiction-writing platform to help creators build long-form stories.

Pocket FM launches AI fiction-writing platform to help creators build long-form stories. ET Bureau Last Updated: Sep 19, 2026, 04:24:00 PM IST Pocket FM has launched Sherpa, an AI-powered fiction platform designed to help writers build and manage long-running stories across hundreds of episodes. The platform uses specialised AI agents and long-term narrative memory to maintain characters, relationships and storylines, as Pocket FM seeks to scale content production and help creators develop intellectual property across formats and markets. Audio entertainment platform Pocket FM has launched Sherpa, an AI-powered fiction creation platform designed to help writers develop complex, long-running stories spanning hundreds of episodes, as the company seeks to expand the capabilities of creators and scale content production. Developed by Pocket Entertainment, Sherpa combines proprietary, custom-trained AI models with hierarchical story planning, long-term narrative memory and prose generation. The platform is designed to address challenges in long-form fiction, including maintaining character consistency, tracking relationships and managing storylines across hundreds of episodes. Unlike conventional generative AI tools that respond to individual prompts, Sherpa brings together specialised agents for ideation, research, planning, writing, evaluation and narrative memory. Its Narrative World Model is designed to maintain an evolving understanding of characters, settings, conflicts and events, enabling the system to connect developments across a story's timeline. "We believe the next breakthrough in generative AI for entertainment isn't simply going to come from models that can write better sentences. It will come from systems that understand stories," said Prateek Dixit, co-founder of Pocket FM. "Narrative Intelligence means understanding the world a creator is building, reasoning about where the story could go and maintaining that understanding as the story grows, while keeping the creator in control." Sherpa approaches fiction as a hierarchy, moving from characters, themes and settings to larger narrative arcs, sequences, episodes and scenes. Its Ideation Agent develops story concepts, while the Planning Agent structures narratives and the Research Agent provides factual and contextual inputs. A prose agent generates scenes and episodes, and a Feedback Agent evaluates the output and recommends revisions. The platform's long-term memory system is designed to ensure that events occurring dozens of episodes earlier continue to influence subsequent developments. Pocket FM said the approach aims to reduce inconsistencies in character knowledge, relationships and fictional world-building. The company is developing Sherpa within Pocket Entertainment's broader content ecosystem, which it said includes more than 770,000 titles and 550,000 creators. The company also cited more than 5.5 billion hours of playtime, minute-by-minute engagement and retention data, and over 1.4 million hours of text and voice content across millions of story arcs. According to Vasu Sharma, head of AI at Pocket FM, the platform's proprietary models draw on the company's content and audience data. "This gives a single creator access to storytelling capabilities that previously required entire studios, specialised teams and massive production budgets," Sharma said. Pocket FM said annualised content production has grown 75 times to more than 2.5 million hours, alongside a tenfold increase in the number of blockbuster titles. The company said Sherpa could help creators move from initial ideas to structured fictional universes and develop intellectual property for adaptation across languages, markets and formats. Ajit Kumar, author of Brahmyodha: The Destroyer and an early Sherpa user, said the tool helped writers overcome obstacles such as false starts and difficulty sustaining creative momentum. Kumar's story had recorded 275.2 million plays on Pocket FM as of August 2026, according to the company. Read More News on

Inc42
Sep 18th, 2026
Pocket FM eyes 15%-20% EBITDA margin, global expansion with ai-led content push.

Pocket FM eyes 15%-20% EBITDA margin, global expansion with ai-led content push. Pocket FM is targeting an EBITDA margin of 15%-20%, compared with around 5% currently, as it uses AI to reduce content creation and production costs With about 90% of production now powered by AI, the startup is looking to produce more content, take its IP into new formats, and expand into additional international markets Pocket FM plans to enter Japan and South Korea over the next six to eight months and is evaluating formats such as AI anime, interactive stories, and gaming Pocket FM is betting heavily on AI to improve its content economics and lift its EBITDA margin to 15%-20% from around 5% currently, cofounder Prateek Dixit told Inc42. Dixit did not disclose a timeline for achieving the margin target. However, he said AI already powers about 90% of Pocket FM's production, while its post-production process is entirely AI-driven. Overall, AI is involved in 80%-90% of the startup's creative processes.

Entrepreneur India
Sep 18th, 2026
SEBI greenlights Kuku Technologies' INR 3,500 cr IPO.

SEBI greenlights Kuku Technologies' INR 3,500 cr IPO. SEBI approves Kuku Technologies' IPO, which could raise up to INR 3,500 crore at a INR 15,000 crore valuation. Markets regulator SEBI has approved the proposed listing of audio OTT startup Kuku Technologies, issuing its observation letter on the company's IPO documents last Friday. Kuku filed its confidential draft red herring prospectus with SEBI in June. According to sources, the IPO could range between INR 2,500-3,500 crore (USD 261-366 million) and could value the company at approximately INR 15,000 crore (about USD 1.8 billion). The IPO will comprise a fresh issue of shares along with an offer-for-sale component. Kuku plans to use the proceeds to upgrade its technology and AI infrastructure, expand content production, and fund geographic expansion. Founded in 2018 by Lal Chand Bisu, Vikas Goyal and Vinod Meena, Kuku offers audiobooks, podcasts and original audio shows through its Kuku FM brand, alongside microdrama platform Kuku TV and microlearning platform Guru. Its content library spans more than 20,000 titles across seven languages, with over 1 crore listeners and creators and 400 million app downloads across its portfolio. Kuku has raised over USD 156 million to date from investors including Fundamentum Partnership, Krafton, Vertex Ventures, IFC and 3one4 Capital. Its most recent USD 85 million Series C round, led by Granite Asia, closed in October 2025. Earlier this year, the company onboarded former Indian cricket captain MS Dhoni as an investor and brand ambassador for Kuku TV. India's microdrama market is projected to grow to USD 6.5 billion by 2033 from USD 1.5 billion currently, with Kuku competing against Pocket FM, Flick TV, ReelSaga and Miniplix, as well as OTT majors including Amazon, JioHotstar and Zee5.

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