CRIC

Pocket Aces gets Rs 100cr from investors like Sequoia India, DSP Group, 3one4 Capital

The digital entertainment company has said it will make use of the funds to make investments in content, technology and talent

e4m by exchange4media Staff
Updated: Jul 31, 2019 5:49 PM
Pocket

Pocket Aces has been able to raise Rs 100 crore from investors like Sequoia India, DSP Group and 3one4 Capital, as per media reports. This was part of a fresh round of fundraising.

The digital entertainment company has said it will make use of this capital to make investments in content, technology and talent. 

The company has also said it will increase its social distribution by setting up three new content channels in the next year and has set a target of 1 billion monthly video views on original content. 

Pocket Aces has created popular long-form shows like “Little Things”, “What The Folks”, and “Adulting”. 

Pocket Aces Co-founders Ashwin Suresh, Anirudh Pandita, and Aditi Shrivastava were quoted as saying: “This investment is a recognition of our leadership in the sector and an acknowledgement of the large potential of the digital entertainment market. With the massive penetration of mobile internet in India and a large consumer base hungry for local content, we believe that there has never been a better time to build a large content business here. We are excited to create new entertainment options for a new India.” 
 

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