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Can 6,000 Cr PocketFM Be India’s First Global Consumer Platform?

InternetInternet · 9m ago
Can 6,000 Cr PocketFM Be India’s First Global Consumer Platform?
Medial

PocketFM, founded by IIT Kharagpur graduate Rohan Nayak in 2018, has evolved from an Indian audio entertainment platform into a global content powerhouse valued at $750M. Starting from Nayak's observation of uncatered demand for audio entertainment during his commutes, the platform now offers over 2,000 audio series across 400,000 episodes. PocketFM's innovative micro-transaction model allows users to unlock episodes for small fees, proving especially successful in the US market where it generates 70% of revenue from just 15% of users. The platform leverages AI for content creation and has expanded into written content with Pocket Novel in 2024. With 130 million listeners across ten countries and plans for European and Latin American expansion, PocketFM aims to generate ₹1,000 crore in 2024.

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JIIF investors invest in Rs 350 Cr consumer-focused fund by Atomic Capital

EntrackrEntrackr · 2m ago
JIIF investors invest in Rs 350 Cr consumer-focused fund by Atomic Capital
Medial

Investors from the early-stage angel network JIIF have invested in a Rs 350 crore fund by Atomic Capital, a newly launched consumer-focused venture capital firm. JIIF-affiliated angel investors alone contributed Rs 26.5 crore to the fund. According to JIIF, this is the largest collective bet by JIIF’s investors in the consumer VC space, underscoring rising conviction in India’s next wave of consumption, driven by digital-first brands, regional demand, and wellness-oriented products. Commenting on the investment, Jeenendra Bhandari, Chairman of JIIF, said, “It is a proud moment to see JIIF members backing Atomic Capital’s first fund. Their investment aligns with our broader thesis of supporting category-defining, purpose-led startups. India’s consumer opportunity is massive, and Atomic’s operating model is well positioned to unlock enduring brand value.” Atomic Capital operates with an “Operating VC” approach, offering not just capital but also hands-on support in brand building, growth marketing, supply chain optimization, and leadership hiring. In FY25, JIIF’s investor base deployed over Rs 60 crore across more than 20 startups spanning fintech, healthtech, AI, logistics, and consumer. The network now supports a portfolio of over 150 companies. Mumbai-based Atomic Capital, an early-stage VC firm founded in 2024 by Apoorv Gautam, combines strategic depth with on-ground execution.

Atomgrid raises Rs 10 Cr in seed round led by Merak Ventures

EntrackrEntrackr · 1y ago
Atomgrid raises Rs 10 Cr in seed round led by Merak Ventures
Medial

Atomgrid, an R&D-first platform for contract development, manufacturing and sourcing of specialty chemicals, has raised Rs 10 crore (around $1.2 million) in its seed round led by Merak Ventures. The round also saw participation from Dexter Ventures, Upsparks, Point One Capital and UniCards’s founders Nitin Gupta and Prateek Jindal. The proceeds will be used to expand its in-house R&D infrastructure, increase global outreach, build a supply chain tech platform and hirings, the firm said in a press release. Founded by Lakshit Bansal, Siddharth Gupta and Pratik Chowdhury, Atomgrid is an R&D first platform for contract development, manufacturing and sourcing of specialty chemicals. The platform aims to empower Indian chemical manufacturers to establish a global footprint by solving critical challenges faced by them on R&D, global outreach, raw material sourcing and tech enablement. Atomgrid competes with 3one4 Capital-backd Scimplifi and Nexus-backed Covvalent. The investment in Atomgrid marks Merak’s third significant investment of the year. Previously, it invested in Farmtheory and Rupyz.

Prath Ventures secures Rs 120 Cr in second close, makes three Investments

EntrackrEntrackr · 1y ago
Prath Ventures secures Rs 120 Cr in second close, makes three Investments
Medial

Venture capital firm Prath Ventures has raised Rs 120 crore in a second close co-led by SIDBI Funds and others. The fund will seek to deliver Indian consumption opportunities to its LPs while adhering to the standards of institutional fund management, Prath Ventures said in a press-release. According to a Morgan Stanley report, India’s consumption is expected to surpass $4 trillion by 2030. Co-founded in 2022 by Piyush Goenka and Harmanpreet Singh, Prath Ventures invests in digital consumer businesses and their enablers. It focuses on the seed to Series A stage and has made three investments which includes beverage maker Jimmy’s Cocktails and yet to be announced investments in consumer brands in the lifestyle and travel sector. According to the Mumbai-based company, it leverages its industry experience and network to support early-stage startups in scaling their businesses and achieving sustainable growth. The platform integrates private equity-style rigour and deep portfolio management into its investment approach. The company has backed over 20 startups including Believe Pte, Style Bazaar, Mosaic Wellness, Gokwik, Falcon, Lysto, BridgeUp and others.

Gemba Capital launches Rs 250 Cr Fund-II

EntrackrEntrackr · 1y ago
Gemba Capital launches Rs 250 Cr Fund-II
Medial

Gemba Capital, a Sebi-registered micro VC firm, has announced the launch of its second fund with a corpus of Rs 250 crore (around $30 million), including a green shoe option of Rs 50 crore ($6 million). As per Gemba, Fund-II will invest in around 30 early-stage ‘Platform-first’ businesses across fintech, consumer tech and B2B platforms with first cheque of Rs 5 crores and 30% reserve ratio for making follow-on investments. Founded in 2018, Gemba Capital invests at seed and pre-seed stage in scalable tech startups. It has backed over 120 founders across 50 startups in fintech, consumer tech and B2B platforms since its inception. Some of the notable portfolio companies arePlum (Insurtech), Grip Invest, Wint Wealth, Strata, Navadhan, Zuper, Showroom, Smartstaff, ClickPost and LightFury.

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