- With 6 million active paid users, Kuku FM is the biggest audio platform in India
- Kuku FM will use this new investment to drive expansion and strengthen its content bank
Kuku FM, India's biggest audio content platform, has secured Series B funding of $19.5 million led by South Korean gaming giant KRAFTON, Inc. The round also saw participation from its existing investors including 3one4 Capital, Vertex Ventures, and India Quotient, with Founder Bank Capital and Verlinvest joining as new investors.
With this latest round of funding, Kuku FM has secured a total of $25 million since its inception in 2018. Fueling its existing offerings, Kuku FM will use the funds raised through this investment to broaden its language offerings and consolidate content creation.
Kuku FM was founded in 2018 by three dynamic entrepreneurs and ex IITians. It is India’s only platform that provides content creation tools to its users enabling them to create, develop and post content. Offering content in five languages (Hindi, Marathi, Bengali, Tamil, and Gujarati), Kuku FM hosts 150k hours of content across audiobooks, stories, book summaries, courses, and podcasts on its platform.
Kuku FM’s offering covers a wide range of genres from fiction and nonfiction audiobooks, self-help education titles, entertainment, news, mythology, spirituality, learning and inspirations, stories, poems, and even jingles. With 30k creators, 50% of the content on Kuku FM is exclusive to the platform and only available on Kuku FM.
March 10th, 2022, Bengaluru
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