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Kuku FM is eyeing a ₹3,000 crore IPO and has roped in Kotak, Jefferies, JM Financial, and Axis Capital to steer the fundraising.
Kuku FM is an audio app where people listen to podcasts, stories, and shows in Indian languages. It earns through subscription fees from both individuals and enterprises, and today boasts over 10 million subscribers, a sign of its scale and growing popularity.
The plan: the company aims to file its IPO papers in the January-March quarter and is aiming to list on the stock exchanges by mid-2026.
The timing: new-age companies like Groww, Meesho, Lenskart, and Urban Company have delivered strong stock-market debuts, boosting confidence in startup listings. Moreover, the IPO plan comes at a time when there is a strong traction as demand for bite-sized audio and video content rises.
This year alone, around 15 tech firms have raised nearly ₹40,000 crore significantly more than last year showing that investor appetite is strong and market conditions are favourable.
Zoom out: India’s audio streaming market is also on a growth spurt, rising 18.6%, driven by higher mobile adoption, rising demand for on-demand content, and growing interest in regional formats, placing Kuku FM in a strong position to benefit.
Grand View Research
