Audio entertainment platform Pocket FM is witnessing another senior-level departure as Mayank Sancheti, Senior Vice President at the company, has stepped down from his role, according to sources aware of the matter.
Sancheti has already put down his papers and is currently serving his notice period, said a person familiar with the development, requesting anonymity.
Sancheti has been associated with Pocket FM for several years and has played a key role across product, monetisation, and growth initiatives. Before joining Pocket FM, he worked with global mobility giants Grab and Uber in strategy and product-focused roles.
Pocket FM declined to comment on the story, while Mayank Sancheti did not respond to our specific queries.
The development comes shortly after Entrackr exclusively reported the departure of Pocket FM’s Chief Financial Officer Anurag Sharma, who is also serving his notice period and is leaving to explore entrepreneurial opportunities.
The company is reportedly set to appoint Abhilash Padival, Director of India Investment Banking at Bank of America Merrill Lynch, as its new CFO.
The back-to-back exits come at a time when Pocket FM is sharpening its focus on profitability and operational efficiency. Last month, the company laid off more than 100 employees as part of a restructuring exercise aimed at reducing costs and streamlining operations, as first reported by Entrackr.
Founded in 2018 by Rohan Nayak, Nishanth KS, and Prateek Dixit, Pocket FM operates a multilingual audio entertainment platform with a growing international presence, including in the US and Europe. The company recently claimed to have crossed $400 million ARR and turned free cash flow positive.
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