Kuku Technologies Receives SEBI Approval for Proposed IPO
· Business · Economic Times, LiveMint
Kuku Technologies, the parent company of Kuku FM and Kuku TV, has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering. The company plans to file an updated prospectus within three weeks and is targeting a market listing by the first half of 2027. Kuku previously filed draft papers for an IPO valued at up to Rs 3,500 crore, with a targeted valuation of approximately Rs 15,000 crore. The funds raised are expected to support technology infrastructure, artificial intelligence development, and content production. The company currently has over 10 million paying subscribers and has previously raised over $150 million from various private investors.
Why it matters
This IPO approval marks a significant milestone for the audio and microdrama startup, providing it with capital to scale its operations and expand its market presence in India.
Read the original report — Economic Times
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