Kuku FM, an audio content platform, has raised $19.5 million in Series B funding led by South Korean gaming giant KRAFTON, Inc.

Existing investors, including 3one4 Capital, Vertex Ventures, and India Quotient, participated in the funding round, with Founder Bank Capital and Verlinvest joining as new investors.

As per the startup, the raised funds will be used to broaden its language offerings and consolidate content creation, fuelling its existing offerings.

Kuku FM | Audio Stories And Podcasting Platform

Founded by former IITians and Toppr executives Lal Chand Bisu, Vinod Meena, and Vikas Goyal in 2018, Kuku FM is an audio content platform. It creates, produce, market and distributes exclusive premium audio content in the form of audiobooks, stories, summaries, courses and more categories via its mobile app and website available on android and iOS.

The platform offers content across 50+ genres in Hindi, English, Marathi, Gujarati, and Tamil, among other regional languages, for all user segments ranging from age-group 6 to 60+ years. 

Speaking about the development, Lal Chand Bisu, Co-founder & CEO of Kuku FM, said,

“Kuku FM is pioneering a new category for audio content by bringing premium, unique, and immersive digital audio experiences to our users. We have seen an unprecedented consumption of audio content amongst users in our country, with 70 percent users coming from Tier II cities. We are excited to witness the evolution of this genre.” 

The platform hosts 150,000 hours of content across audiobooks, stories, book summaries, courses, and podcasts on its platform, covering a wide range of genres, like fiction and nonfiction audiobooks, self-help education titles, entertainment, news, mythology, spirituality, etc. Kuku FM has over 30,000 creators, and 50 per cent of the content is exclusive to the platform and only available on its platform. 

Earlier this month, another startup in the same segment, Pocket FM, raised $65 million in a Series C round led by Goodwater Capital, Naver, and existing investor Tanglin Venture Partners.

For more stories of startups, click Startup Stories.

Follow us and connect with us on Instagram, Facebook, Twitter and LinkedIn.