Digital entertainment company Pocket Aces has raised debt funding of Rs 17 Cr by Stride Ventures. As part of the transaction, Stride will be a strategic partner in Pocket Aces’ growth journey with their customised offerings and deep relationships across banks and corporates.
"This partnership with Pocket Aces is the twelfth investment from Stride Ventures’ maiden fund, marking its foray in the digital media and entertainment space, as gaming and OTT has had a breakthrough year with industry revenues surging and subscriptions rising through the lock down," read the company's statement.
Pocket Aces will utilise the capital raised to scale the current content output and invest further in new content formats and distribution channels. The company has worked with over 100 brands across sectors including Tinder, Hindustan Unilever, PureMe, Bacardi, Unacademy, Mondelez among others.