IPO

Kuku FM parent files confidentially for IPO

What they do

Kuku Technologies quietly sent draft papers to the market regulator for an IPO worth Rs 3,500 crore

It is aiming at a valuation near Rs 15,000 crore, against about Rs 4,500 crore in its last private round

The offering mixes new shares with sales by existing investors; four banks manage it

Kuku Technologies filed a confidential DRHP (draft offer document) in June 2026.
The issue is worth Rs 3,500 crore.
Target valuation is about Rs 15,000 crore.
Fresh capital would go to technology and AI infrastructure.

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