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Can 6,000 Cr PocketFM Be Indiaโ€™s First Global Consumer Platform?

InternetInternet ยท 10m ago
Can 6,000 Cr PocketFM Be Indiaโ€™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 โ‚น1,000 crore in 2024.

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

EntrackrEntrackr ยท 3m 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 JIIFโ€™s investors in the consumer VC space, underscoring rising conviction in Indiaโ€™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, โ€œIt is a proud moment to see JIIF members backing Atomic Capitalโ€™s first fund. Their investment aligns with our broader thesis of supporting category-defining, purpose-led startups. Indiaโ€™s consumer opportunity is massive, and Atomicโ€™s operating model is well positioned to unlock enduring brand value.โ€ Atomic Capital operates with an โ€œOperating VCโ€ approach, offering not just capital but also hands-on support in brand building, growth marketing, supply chain optimization, and leadership hiring. In FY25, JIIFโ€™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 ยท 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 UniCardsโ€™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 Merakโ€™s third significant investment of the year. Previously, it invested in Farmtheory and Rupyz.

Edgehax raises Rs 1.39 Cr in seed round from IPV

EntrackrEntrackr ยท 14d ago
Edgehax raises Rs 1.39 Cr in seed round from IPV
Medial

Edgehax, an Edge AI computing startup, has raised Rs 1.39 crore in seed funding from Inflection Point Ventures (IPV). The proceeds will be used to scale manufacturing, accelerate new product development, and expand into international markets including Singapore, the US, and Europe. Founded in 2025 by Prabhu Stavarmath and Savitri Patil, Edgehax builds modular edge hardware that combines compute, connectivity, and storage on a single board. Its platform enables startups, OEMs, and enterprises to develop hardware products faster without relying on overseas supply chains. Edgehax is already serving over 150 enterprises and has distributed developer kits to more than 100,000 students and faculty across 30 universities and IITs, contributing to Indiaโ€™s skilling ecosystem. The startupโ€™s hardware is applied in industrial gateways, autonomous vehicles, humanoid robots, drones, defense systems, and 4G/5G connectivity. Its in-house DvarOS supports industrial edge gateways. Recently, Edgehax won the NXP Silicon Seeds Startup Program 2025 to build low-cost Edge AI compute modules for automotive and consumer IoT and also secured the MeitY Bhashini Startup Velocity 1.0 award. Edgehax competes with global players like NVIDIA Jetson, Qualcomm Robotics RB5, and Raspberry Pi.

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