Pocket FM plans reverse flip to India for potential IPO
Business
Pocket FM, the audio entertainment startup, is planning to shift its holding structure back to India, a big step called a "reverse flip."
The switch is all about getting ready for a potential IPO in India and doubling down on the country's fast-growing love for audio series and mobile content.
Kuku FM parent files ₹3,500cr IPO
Competition is heating up: Kuku FM's parent filed for a massive ₹3,500 crore IPO.
Pocket FM isn't sitting still. They're also talking to investors to raise $150 million and keep growing.
Pocket FM has also been in talks with private market investors to raise fresh capital of about $150 million.