Pocket FM to invest $40 million to bolster its online reading platform

Audio series platform Pocket FM said it will invest $40 million in its online reading service, Pocket Novel, to build India’s largest online reading platform and make it the default destination for the Indian writers’ community.

Pocket FM said it is dedicated to building diverse portfolios across multiple entertainment categories and formats, placing a strategic emphasis on the creation and development of an Intellectual Property (IP) playbook.