Pocket FM Shuts Pocket TV Despite India’s Microdrama Boom

by · Inc42

SUMMARY

  • The vertical was launched as a beta product to explore the microdrama category but did not make any material contribution to Pocket FM’s business
  • In April, founder and CEO Rohan Nayak said that the startup was free cash flow positive with nearly 5% EBITDA, without specifying the period for the same
  • Backed by Lightspeed, Stepstone Group, Tencent, and Times Internet, Pocket FM has raised $196 Mn to date