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Audiobook platform Kuku is in advanced talks to raise $70 million at a $500M valuation. The round will be led by Granite Asia.
The deets: the funds will be raised as primary capital, and will be used to expand Kuku FM’s regional content offerings, grow its creator network, and keep users engaged with more localised, binge-worthy audio content.
As Indian users move beyond video to explore audio-first entertainment, platforms like Kuku FM are catching investor interest. The app’s growing traction in tier 2 and 3 towns, and its focus on regional creators, is a big draw.
Zoom out: India’s audio content market is projected to touch $1.3 billion by 2030, growing at a rate of over 34%.
With over 400 million audio streamers already tuning in across music, podcasts, and audiobooks, the space is booming. Platforms like Kuku FM are riding the regional content wave, tapping into a user base where 80% prefer non-English content.
