with an option to acquire an additional 41 percent stake within the next 15 months at pre-agreed multiples. This all-cash transaction was announced through an exchange filing.
Pocket Aces, a digital content creator and publisher with a strong focus on the youth, has demonstrated significant growth, with revenue from operations reaching Rs 104 crore in FY23. Over the last four years, their revenue has grown at a remarkable 34 percent CAGR, and they anticipate even faster growth in the future.
Pocket Aces boasts an extensive IP catalog of more than 3000 content pieces, including web series, sketches, music videos, and reels, featured on channels such as FilterCopy, Nutshell, and Gobble. They release more than 30 new content pieces daily. Additionally, the company’s talent management division, Clout, represents over 100 digital influencers, while its long-form studio, Dice Media, has produced relatable youth-centric web series available on OTT platforms like Netflix, Hotstar, and Amazon.
