🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Abu Dhabi's ADIA explores investment in India's Pocket FM, sources say
TechCrunch
·
1y ago
Medial
Abu Dhabi's sovereign wealth fund, ADIA, is holding talks to back Indian audio-storytelling platform Pocket FM in a new funding round. Pocket FM recently secured around $100 million in funding from Lightspeed Venture Partners. The talks with ADIA have been ongoing for over a month and are currently confidential. Pocket FM has seen rapid revenue growth and aims to reach an annualized revenue run rate of $100 million by the end of 2023. Pocket FM offers a freemium model, allowing users to pay for the content they prefer rather than the entire library.
View Source
Related News
Binny Bansal ups Curefoods bet; ADIA may back Pocket FM
VCCircle
·
1y ago
Medial
Binny Bansal, co-founder of Flipkart, is increasing his investments in Curefoods and continuing his investment activities in India. He has invested an additional $25 million in Curefoods after selling his remaining stake in Flipkart. In other news, it is reported that the Abu Dhabi Investment Authority (ADIA) may back Pocket FM, a podcasting platform in India.
View Source
Pocket FM Bags $100 Mn Funding From Lightspeed
Inc42
·
1y ago
Medial
Audio tech platform Pocket FM has reportedly raised $100 million in funding from venture capital firm Lightspeed Venture Partners. The startup is also said to be in talks with the Abu Dhabi Investment Authority (ADIA) for additional funding, as it plans to expand its presence in the US. Pocket FM offers a range of audio book content in multiple languages and genres, operating on a freemium model where users can purchase coins to access premium episodes. The company has seen significant growth, with a six to seven-fold increase in annualized revenue run rate (ARR) to $160 million in 2023.
View Source
Purplle Snags $100 Mn From ADIA, Others With Eye On More Offline Stores
Inc42
·
1y ago
Medial
Abu Dhabi's sovereign fund ADIA has led a funding round for beauty ecommerce marketplace Purplle, contributing $100 million. The investment from ADIA, alongside participation from new investor Creaegis, valued Purplle at $1.2-1.3 billion, a 15% increase from its previous funding round in 2020. Purplle, founded in 2012, sells beauty products and appliances, and this new funding will support its growth and expansion in the Indian market.
View Source
Warburg Pincus, ADIA to invest $877 mn in IDFC First Bank
VCCircle
·
3m ago
Medial
Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) will invest $877 million in India's IDFC First Bank. The investment involves a preferential issue of equity capital, with Warburg Pincus contributing Rs 4,876 crore and ADIA Rs 2,624 crore, pending shareholder and regulatory approvals. This funding will enhance the bank's capital adequacy from 16.1% to 18.9%, supporting its growth and profitability in the Indian banking sector.
View Source
Audiotech startup Pocket FM raises $100M in funding led by Lightspeed Venture Partners
IndianStartupNews
·
1y ago
Medial
Audiotech startup Pocket FM has raised $100 million in funding from Lightspeed Venture Partners to expand its audiobook platform in the U.S. market. The company is also in talks with the Abu Dhabi Investment Authority for additional funding to support international expansion. Pocket FM operates on a freemium model and has seen significant growth, with an annualized revenue run rate of $160 million expected by the end of 2023. The startup aims to achieve $100 million in annual revenue globally by 2025.
View Source
Abu Dhabi wealth fund ADQ, Orion team up to invest $1.2 bn in metals, mining
VCCircle
·
6m ago
Medial
Abu Dhabi's sovereign wealth fund ADQ and Orion Resource Partners are forming a joint venture to invest $1.2 billion in the metals and mining sector. Based in Abu Dhabi, this 50-50 partnership will focus on emerging markets in Africa, Asia, and Latin America over four years. The investment will utilize various asset classes, including equity and debt. This initiative supports Abu Dhabi's economic diversification efforts by securing critical raw materials for future industries.
View Source
ADIA writes off 9.9% stake in struggling British utility Thames Water: Report
VCCircle
·
10m ago
Medial
- Abu Dhabi's sovereign wealth fund, Adia, has written off its 9.9% stake in Thames Water, the troubled British utility. - The decision to write off the stake was influenced by the challenging regulatory environment and operational performance. - Adia has reduced the value of its stake from £263 million to just £1, according to company accounts. - The fund has also taken a full writedown on a £31 million loan awarded to one of the holding companies that owns Thames Water. - The move comes as credit rating agencies have downgraded Thames Water, warning that it is running out of money and could default.
View Source
Funds make a beeline for beauty platforms; Purplle raises $100 million
Economic Times
·
1y ago
Medial
Abu Dhabi's sovereign fund ADIA has led a $100 million financing in Mumbai-based beauty retailer Purplle, valuing the company at around $1.2-1.3 billion. This reflects the growing demand for omnichannel beauty retailers and brands post-Covid, attracting significant investment from venture capital and private equity funds. Creaegis, a PE fund, is expected to join the funding round as a new investor. Meanwhile, caffeine-based skincare and haircare brand MCaffeine is also in the process of raising funds and considering strategic investors. The beauty sector in India is witnessing the emergence of several new brands, attracting investor interest and driving growth.
View Source
ADIA joining cap table of Indian pharmaceutical platform
VCCircle
·
1y ago
Medial
Abu Dhabi Investment Authority (ADIA) is acquiring a stake in an Indian pharmaceutical platform that specializes in active pharmaceutical ingredient (API) and contract development and manufacturing (CDMO). ADIA is known for its active involvement in private equity deals as well as its exposure to the Indian public market. This move highlights ADIA's interest in the pharmaceutical sector in India.
View Source
Indian billionaire Ambani's Reliance Retail to raise $598 mln from ADIA
Reuters
·
1y ago
Medial
Abu Dhabi Investment Authority (ADIA) is set to invest 49.67 billion rupees ($597.58 million) in Reliance Retail Ventures, the retail unit of Reliance Industries owned by Indian billionaire Mukesh Ambani. The investment will give ADIA a 0.59% stake in the company at a valuation of $100.8 billion. This comes as Reliance Retail has been attracting investments from other entities like KKR & Co and Qatar Investment Authority, as it competes with Amazon and Flipkart.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/AUKNKV3L6NKM7FPRPSG7KRMVGM.jpg)
