Kuku FM raises $19.5 Million in Series B funding

Kuku FM, the leading audio content platform, has raised $19.5 million in Series B funding led by South Korean game giant KRAFTON Inc with the participation of its existing investors 3one4 Capital, Vertex Ventures and India Quotient, as well as Founder Bank Capital and Verlinvest as new investors.

With this latest funding, Kuku FM has secured a total of $25 million since its inception in 2018.  Kuku FM will continue to evolve its existing services and use the funds raised to expand its language offerings and consolidate content creation.

Kuku FM was founded in 2018 by three entrepreneurs and a former IITian. The company claims that it is the only platform in India that provides users with content creation tools for creating, developing and publishing content. Kuku FM offers content in five languages Hindi, Marathi, Bengali, Tamil and Gujarati; and has 150,000 hours of audiobooks, stories, book summaries, courses and podcasts on its platform.

Kuku FM offers a wide range of genres, including fiction and non-fiction audiobooks, self-help titles, entertainment, news, mythology, spirituality, learning and inspirations, stories, poetry and even jingles. With 30,000 creators, 50% of Kuku FM's content is platform-only and is only available on Kuku FM.