Lightspeed Venture Partners, a private equity firm, led a $103m Series D round in Pocket FM, an audio entertainment platform, with participation from StepStone Group. “We identified an unexplored space in the entertainment industry driven by an increasing demand for audio fiction and crafted a playbook to address this opportunity across every key market. Our robust content library of audio series and a strong consumption behavior on the platform is shaping the future of entertainment. Our focus remains on tapping into unique and exclusive stories to solidify our leadership in this emerging category and create a strong IP playbook. This latest funding validates our vision and the possibilities we bring to disrupt the industry," Rohan Nayak, Pocket FM CEO and Co-Founder.