Kuku FM expects to accomplish a base of north of 10 million paid supporters toward the finish of 2023.
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“We have seen quickly developing interest for content in local dialects in Level 2 and 3 urban areas, semi-metropolitan and rustic sections. We mean to keep fabricating areas of strength for a different maker network that takes care of this section of the Bharat audience,” said Lal Chand Bisu, Fellow benefactor and President, Kuku FM.
Alongside new financial backers Fundamentum and Paramark, existing financial backers KRAFTON, Inc, 3one4 Capital, Vertex, Verlinvest and FounderBank Capital likewise partaken in this round.
Recently, Kuku FM raised $19.5 million drove by KRAFTON with Google, Verlinvest and different financial backers.
“In its four-year venture, Kuku FM has constructed a business with powerful essentials, solid adaptation model and a public maker audience local area,” said Prateek Jain, Head, Fundamentum Organization.
Established in 2018 by Bisu, Vikas Goyal and Vinod Kumar Meena, Kuku FM is presently India’s biggest sound stage with more than 1.5 million paid endorsers.
The stage has content in seven Indian dialects (Hindi, Marathi, Bengali, Tamil, Telugu, Kannada and Malayalam).
As of now, Kuku FM has over 150,000 hours of content in different configurations including book recordings, stories, book outlines, courses, and digital broadcasts .
