A ToI article covering the opportunity and challenges in audio content quotes Venture Intelligence data:
Since 2012, only three Indian startups in the podcasting space have received funding, and mostly undisclosed or negligible amount.
The article further states that the opportunity for content creators would be in chasing the local language crowd:
A KPMG report says that nine of out of 10 new internet users in India over the next five years are likely to be Indian language users.