Indian podcast firm in talks with Gulf investors in bid to become ‘digital Alibaba’

  • Date: 26-Oct-2020
  • Source: Arabian Business
  • Sector:Economy
  • Country:Gulf
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Indian podcast firm in talks with Gulf investors in bid to become ‘digital Alibaba’

Storiyoh, an Indian social podcast start-up, is in advanced negotiations with a group of Middle East-based angel investors and impact funds to raise capital, its CEO has revealed.

The fundraising plan is a precursor to the podcast venture's ambitious entry plans in the Middle East market with an Arabic audio content platform.

In the first episode, we delve into the ongoing coronavirus epidemic with a clinical microbiologist and infection specialist

“We are targeting to raise about $2 million in the initial phase - which could go up depending on the investor interest - and are in discussions with some of the reputed institutional and individual investors, including in the Middle East,” Rahul Nair, founder and CEO of Storiyoh, told Arabian Business in an exclusive interview.

Rahul declined to name any of the funds or