Pocket FM news: Pocket FM completes its first ESOP-buyback

Audio collection platform Pocket FM at this time introduced that it has accomplished its first ESOP buyback price $8.3 million. Many former and present workers, holding vested shares within the firm, participated on this course of.

Talking on the maiden ESOP buyback, Pocket FM co-founder and CEO Rohan Nayak mentioned, “In the present day marks a big milestone for our workforce – a testomony to our collective arduous work, dedication, and revolutionary spirit. This emphasizes our continued dedication to acknowledging the efforts of our groups, and we’re happy that regardless of the difficult financial circumstances, we stay unwavering in providing alternatives for wealth creation and fostering a tradition of progress inside Pocket FM. As we proceed our journey of entertaining folks worldwide, we’ll hold pushing boundaries, innovating relentlessly, and striving for excellence collectively.”

The initiative displays Pocket FM’s acknowledgment for the contribution and dedication showcased by its workforce. The corporate continues to stay dedicated to driving innovation and excellence within the leisure panorama and fostering a supportive and rewarding work surroundings to gasoline its progress and success, because it expands into the worldwide map.

The corporate lately introduced its $103 million Sequence D spherical at a valuation of US$750 million. The corporate’s complete fundraising so far of $196.5 million.