Funding
Kuku FM raises $25 million Series C
By Startup Enthusiast ·
- Date
- Company
- Kuku FM
- What it does
- Audio platform, Mumbai
- Kind
- Funding
- Amount
- $25 million
- Stage
- Series C
- Based in
- Mumbai
- Founded
- 2018
What they do
Nandan Nilekani's Fundamentum Partnership led the round, joined by the World Bank's IFC and Temasek-backed Vertex Ventures
What happened
The startup offers over 150,000 hours of audio in six Indian languages and English, from finance to romance
Why it matters
Total raised passed $60 million, and the money is meant to deepen its audiobook offering across smaller Indian towns
The details
- Kuku FM closed a $25 million Series C round in September 2023.
- Fundamentum Partnership led, with IFC and Vertex Ventures taking part.
- Existing backers include 3one4 Capital and Krafton.
- The platform carries over 150,000 hours of audio in several languages.
Investors
About Kuku FM
- Product
- operates vernacular audio platform
- Customers
- Vernacular language users seeking audio stories, microdramas, and educational content
- How it makes money
- Multi-platform content provider monetizing through subscriptions and advertising
More on Kuku FM
- Kuku FM turns profitable as FY26 revenue jumps six-fold1 October 2026 · Results · ₹1,484 Cr
- Kuku FM parent files confidentially for IPO4 June 2026 · IPO · ₹3,500 crore
- Penguin Random House India and Kuku FM release 12 Hindi audiobooks30 April 2026 · Partnership
- Kuku FM adds MS Dhoni as investor and brand ambassador15 April 2026 · Partnership
- MS Dhoni invests in Kuku FM30 March 2026 · Funding
- Kuku FM revenue nearly triples in FY2524 December 2025 · Results · ₹242 crore
- Kuku FM picks bankers for IPO16 December 2025 · IPO · $200 million
- Kuku FM raises $85 million led by Granite Asia16 October 2025 · Funding · $85 million