Audio content material platform Kuku FM raises $21.8 mn, targets 10 mn paid subscribers

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Bengaluru, Sep 21 (IANS) Sound content material stage Kuku FM on Wednesday acknowledged it has launched $21.8 million up in Series B1 subsidizing spherical, drove by The Fundamentum Association, which is able to in all probability be used to strengthen content material creation environment and deal further language decisions to viewers members.

Kuku FM expects to carry out a base of north of 10 million paid supporters in the direction of the tip 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,” acknowledged Lal Chand Bisu, Fellow benefactor and President, Kuku FM.

Alongside new financial backers Fundamentum and Paramark, present financial backers KRAFTON, Inc, 3one4 Capital, Vertex, (*10*) and FounderBank Capital likewise partaken on this spherical.

Recently, Kuku FM raised $19.5 million drove by KRAFTON with Google, (*10*) and fully completely 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,” acknowledged Prateek Jain, Head, Fundamentum Organization.

Established in 2018 by Bisu, Vikas Goyal and Vinod Kumar Meena, Kuku FM is presently India’s largest sound stage with larger than 1.5 million paid endorsers.

The stage has content material in seven Indian dialects (Hindi, Marathi, Bengali, Tamil, Telugu, Kannada and Malayalam).

As of now, Kuku FM has over 150,000 hours of content material in quite a few configurations along with e ebook recordings, tales, e ebook outlines, packages, and digital broadcasts .


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