Monday, June 16, 2025
No Result
View All Result
NEWSLETTER
Media Hindustan
  • Home
  • Politics
  • Sports
  • Business
  • Technology
  • TOP News
  • Entertainment
  • Biography
    • Bollywood
    • Politicisation
    • Other
  • Astrology
  • Weather
  • Home
  • Politics
  • Sports
  • Business
  • Technology
  • TOP News
  • Entertainment
  • Biography
    • Bollywood
    • Politicisation
    • Other
  • Astrology
  • Weather
No Result
View All Result
Media Hindustan
No Result
View All Result
Home Business

Kuku FM Raises $25 Million in Series C Funding to Expand its Vernacular Audio Content Ecosystem

by admin
21/09/2023
in Business
0
Kuku FM Funding

Kuku FM Funding

Share on FacebookShare on Twitter

In a significant financial boost for vernacular audio content in India, Kuku FM has successfully secured $25 million in its latest Series C funding round. The round was spearheaded by The Fundamentum Partnership and the International Finance Corporation (IFC), along with contributions from Vertex Ventures. This latest investment builds on Fundamentum’s previous Series B1 commitment of $21.9 million back in September 2022.

Kuku FM Funding Overview

Funding RoundAmountLeading InvestorsYear
Series C$25 millionFundamentum, IFC2023
Series B1$21.9 millionFundamentum2022

Kuku FM Funding Allocation: Strengthening Content and Technology

Kuku FM has earmarked the newly acquired funds for various developmental aspects. One of the primary objectives is to bolster its content ecosystem and deepen its repository across multiple Indian languages. The aim is to cater to the evolving demands of the Bharat 2.0 audience, largely prevalent in tier II and III cities and rural areas.

The Driving Force: India’s Digital Surge and Vernacular Content

India currently boasts over 700 million internet users, most of whom have shown a strong preference for content in their native languages. Remarkably, 90% of these users prefer vernacular content. This has contributed to the rise of the “Bharat 2.0” phenomenon, which has been particularly influential in semi-urban and rural settings.

Investment Insights: What Fundamentum Sees in Kuku FM

Prateek Jain, Principal at Fundamentum Partnership, lauded Kuku FM’s unique approach to catering to India’s new generation of digital natives. He noted that the Kuku FM team has shown considerable acumen in developing a strong business model that relies on robust fundamentals and an understanding of unit economics.

Gender and Inclusion: The IFC Perspective

Wendy Werner, IFC’s India Country Head, highlighted that the investment aligns well with the organization’s broader gender and inclusion goals. Kuku FM has been commended for giving a platform to underrepresented voices, particularly those of women, which aligns well with IFC’s own values.

The Founders Speak

Lal Chand Bisu, Co-founder & CEO

Bisu emphasized the importance of the Fundamentum team’s insights in their journey toward building a business model focused on the Bharat 2.0 segment. He welcomed the International Finance Corporation as a new partner, looking forward to leveraging its extensive experience in scaling businesses.

Vinod Kumar Meena, Co-founder

Meena emphasized that the IFC’s vision of creating a more inclusive and diverse creator community dovetails with Kuku FM’s own goals.

Vikas Goyal, Co-founder & CTO

Goyal mentioned that the focus would also be on enhancing technological capabilities to create India’s most intuitive, immersive, and transparent content platform.

Platform Metrics: A Closer Look

  • Paid subscribers: 2.5 million
  • Content creators: 50,000 (60% women)
  • Languages: Seven (Hindi, Marathi, Bengali, Tamil, Telugu, Kannada, and Malayalam)
  • Content Hours: 150,000+ across various formats

Additional Support: Previous Investors

In addition to its latest financial backers, Kuku FM has received support from other high-profile investors, including Google, Paramark, KRAFTON, Inc, 3one4 Capital, V Cube Ventures, India Quotient, and FounderBank Capital.

The fresh funding signals strong investor confidence in Kuku FM’s ability to tap into India’s booming digital content market. It sets the stage for an ambitious scale-up, both in terms of content and technological innovation, to meet the diverse needs of India’s rapidly evolving digital landscape.

admin

admin

Popular Posts

Different Types of Commercial Truck Insurance in India

Different Types of Commercial Truck Insurance in India

by admin
10/06/2025
0

Every mile your truck travels not just carries cargo, it also carries your business. Whether you're hauling raw materials, perishables,...

Start Investing in Bonds Online: Fixed Returns, Low Risk & High Transparency

Start Investing in Bonds Online: Fixed Returns, Low Risk & High Transparency

by admin
05/06/2025
0

When deciding where to invest your hard-earned money, it’s clear that stocks can be unpredictable, and bank fixed deposits often...

Comparing Personal Loans from Top Banks for 3 Lakhs

Comparing Personal Loans from Top Banks for 3 Lakhs

by admin
30/05/2025
0

You can get a Rs 3 lakh personal loan from most of the scheduled commercial banks, as well as NBFCs...

11 Overlooked Benefits Of Investing In A Quality Pos System

11 Overlooked Benefits Of Investing In A Quality Pos System

by admin
29/05/2025
0

Selecting the right PoS system goes far beyond basic payment processing. A high-quality PoS accelerates transactions and plays a very...

Can You Get an Instant Personal Loan with a Low CIBIL Score

Can You Get an Instant Personal Loan with a Low CIBIL Score?

by admin
29/05/2025
0

Credit scores are often treated as the holy grail of loan approval. Traditionally, having a high CIBIL score opened doors...

Why is Third-Party Bike Insurance Mandatory in India

Why is Third-Party Bike Insurance Mandatory in India?

by admin
29/05/2025
0

Have you ever wondered why bike insurance is necessary, even if you're the safest rider on the road? It's not...

Next Post
Spy Kids Armageddon Review, Cast & Crew, story & More

Spy Kids: Armageddon (2023) - Full Review, Cast & Crew, Story Details & More

Nijam Telugu Film Box Office Collection day 1 & 2, hit or flop?
Entertainment

Nijam Telugu Film Box Office Collection Day 4 & 5, hit or flop?

by Vaishnavi Yadav
16/06/2025
0

Nijam is a telugu action crime drama written and directed by Kishore Vennealakanti. The film is produced by Janakiramarao Pamaraju...

Read moreDetails
Bou Buttu Bhuta Odia Film Box Office Collection day 2 & 3, hit or flop?

Bou Buttu Bhuta Odia Film Box Office Collection Day 5 & 6, hit or flop?

16/06/2025
Dakuaan Da Munda 3 Punjabi Film Box Office Collection day 1 & 2, hit or flop?

Dakuaan Da Munda 3 Punjabi Film Box Office Collection Day 4 & 5, hit or flop?

16/06/2025
Ananta Odia Film Box Office Collection day 2 & 3, hit or flop?

Ananta Odia Film Box Office Collection Day 5 & 6, hit or flop?

16/06/2025
Janki Hindi Film Box Office Collection day 1 & 2, hit or flop?

Janki Hindi Film Box Office Collection Day 4 & 5, hit or flop?

16/06/2025
Media Hindustan

© 2024 All Rights Reserved by Media Hindustan. Designed by Rohido Media

Reach Us

  • Home
  • Contact us
  • Career
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • About Media Hindustan

Follow Us

No Result
View All Result
  • Home
  • Politics
  • Sports
  • Business
  • Technology
  • TOP News
  • Entertainment
  • Biography
    • Bollywood
    • Politicisation
    • Other
  • Astrology
  • Weather

© 2024 All Rights Reserved by Media Hindustan. Designed by Rohido Media