Audio Content Platform Kuku FM Raises $25 Million In Its Latest Funding Round

Audio Content Platform Kuku FM Raises $25 Million In Its Latest Funding Round

Audio content platform Kuku FM has scooped up $25 million in its Series C round co-led by The Fundamentum Partnership and International Finance Corporation (IFC), with participation from Vertex Ventures.

Kuku FM had last raised $21.9 million in Series B1 funding led by the Fundamentum in September 2022. Other investors in the Mumbai-based startup include Google, Paramark, KRAFTON, Inc, 3one4 Capital, V Cube Ventures, India Quotient and FounderBank Capital.

According to data intelligence platform Thekredible, it has raised more than $70 million to date.

Founded in 2018 by Lal Chand Bisu, Vikas Goyal and Vinod Kumar Meena, Kuku FM makes money through paywalled subscriptions for its audio books to individuals and businesses. It offers a wide range of audio content spanning multiple genres such as business, self-help, personal finance, historical, religion, entertainment and fitness.

Currently, it claims to have more than 2.5 million paid subscribers.

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