IPO
Kuku FM picks bankers for IPO
By Startup Enthusiast ·
- Date
- Company
- Kuku FM
- What it does
- Audio platform, Mumbai
- Kind
- IPO
- Amount
- $200 million
- Stage
- IPO preparation
- Based in
- Mumbai
- Founded
- 2018
What they do
The company behind Kuku FM is preparing a stock market listing that could raise as much as $200 million
What happened
Kotak Mahindra Capital, Axis Bank and Morgan Stanley's Indian arm were named as managers of the offering
Why it matters
Issue size and timing are undecided; money would build up the content library and regional-language offering
The details
- Kuku FM's owner Mebigo Labs plans an IPO (stock market listing) of up to $200 million.
- Three banks were appointed to manage it.
- Final size and timeline are still open.
- Funds would expand the content library.
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 raises $85 million led by Granite Asia16 October 2025 · Funding · $85 million
- Delhi court halts Kuku FM episodes in Pocket FM suit10 July 2025 · News · ₹85.7 crore