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Pocket Entertainment elevates Umesh Bude to CTO

EntrackrEntrackr · 1m ago
Pocket Entertainment elevates Umesh Bude to CTO
Medial

Pocket Entertainment elevates Umesh Bude to CTO Pocket Entertainment, the parent company of Pocket FM, Pocket Toons, and Pocket Novel, has elevated Umesh Bude to Chief Technology Officer (CTO). Previously Senior Vice President of Engineering, Umesh will now lead the company’s technology strategy, focusing on developing the future of AI-powered storytelling across its platforms. As CTO, Umesh will oversee the end-to-end tech stack at Pocket Entertainment and spearhead innovations to scale its products globally. His responsibilities will include designing scalable systems, advancing generative AI capabilities, and delivering technology-led innovations to empower both creators and consumers. “It’s a privilege to take on this role at a time when technology and creativity are deeply intertwined at Pocket Entertainment. I look forward to driving the next wave of innovation, where technology and AI are not just enablers, but storytellers in their own right,” said Bude on his promotion. Umesh will continue to report to Prateek Dixit as the company aims to consolidate its position at the intersection of entertainment and technology. Earlier this year, Pocket Entertainment launched Pocket Toons, an AI-first comics (webcomics) platform that uses AI to transform storytelling and content creation. In March 2024, Pocket FM secured $103 million in its Series D funding round, led by Lightspeed and joined by Stepstone Group. The company has raised $196.5 million in total funding and was valued at $750 million in its last equity round. Pocket FM’s global revenue spiked to Rs 1,051.97 crore in FY24 from Rs 176.36 crore in FY23. The Bengaluru-based company also improved its economics as its losses narrowed by 21% to Rs 165 crore in FY24.

Pocket FM partners with MoEngage to enhance its customer engagement using data-driven insights

IndianStartupNewsIndianStartupNews · 1y ago
Pocket FM partners with MoEngage to enhance its customer engagement using data-driven insights
Medial

Pocket FM, an audio series platform, has partnered with MoEngage to enhance customer engagement using data-driven insights. MoEngage will help Pocket FM tailor communications based on different stages of a listener's journey to create more personalized experiences. MoEngage's AI-powered analytics and advanced delivery capabilities are expected to improve user experience on the platform. MoEngage offers a customer engagement platform that provides insights into customer behavior and facilitates engagement across various digital channels, serving over 1,200 global brands. Pocket FM offers long-form audio content, including shows, stories, novels, and podcasts.

Pocket FM revenue soars to Rs 1,000 Cr in FY24 boosted by US expansion, subscription growth

YourStoryYourStory · 7m ago
Pocket FM revenue soars to Rs 1,000 Cr in FY24 boosted by US expansion, subscription growth
Medial

Pocket FM, the audio series platform, reported a 496% increase in global revenue to INR 1,051.97 crore in FY24. The growth was fueled by its microtransaction-led subscription model and expansion into international markets. Subscription revenue grew nearly six-fold, reaching INR 934.73 crore. The company also witnessed a 7X increase in advertising revenue, driven by increased user engagement on the platform. Global markets, particularly North America, played a significant role in the revenue growth. Pocket FM utilizes an AI-powered blockbuster engine to curate stories with mass appeal and has collaborated with over 250,000 writers to adapt stories for diverse audiences. The focus on operational efficiency and innovative monetization strategies has brought the company closer to profitability.

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