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Audio OTT Platform Pocket FM Spent INR 11 To Earn Every INR 1 From Ops In FY22

Indian audio OTT platform Pocket FM’s net loss widened 10X to INR 171.6 Cr in FY232 from INR 17.1 Cr in FY21 due to a sharp rise in expenses

Rohan nayakPrateek dixitGoodwater capitalTanglin venture partners

Masan to pick 25% stake in Vietnamese fintech Trusting Social s parent for $105m

This follows a $65m investment by Masan in Trusting Social’s Series C round in April 2022.

Abu dhabiAbuz abyUnited arab emiratesSingapore generalPhuc longNgh anRepublic ofSouth koreaCholla namdoMasan groupKorea sk groupAbu dhabi investment authorityMasan consumer holdingsSherpa companyIq pteSherpa company limited

Editor s take: The week that was — Dec 12-17

This is the last edition of the weekly wrap for this year.

Singapore generalRepublic ofJakarta rayaMagnus gufmanSuresh kozhikoteFinancial group incIndonesia stock exchangeMitsubishi ufjAffirma capitalcuttingLeapfrog investmentIntudo venturesBlusmart mobilityHong kong headquarteredAvant meatsState bankBlue future partners

D2C Startup RapidBox Secures Funding From SIG Venture Capital, Others

RapidBox plans to use the proceeds of the funds for brand-building activities, expanding product offerings and enhancing customer experience.

Ananya goenkaManoj baranwalVarun paliwalDia mirzaBhavani ranaSusquehanna international group of companiesTanglin venture partnersIndia quotientBlack soilSusquehanna international groupVenture partners

Vernacular Audio Platform Kuku FM Bags $21 8 Mn In Round Led By Fundamentum

The funding round also saw participation from Paramark Ventures & Kuku FM’s existing investors KRAFTON, 3one4 Capital, Vertex, among others.

Lal chand bisuPrateek jainVikas goyalVinod kumar meenaFundamentum partnershipParamark venturesNandan nilekani led fundamentumUnified payments interfaceGoodwater capitalTanglin venture partners

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