Kuku Files Confidential IPO to Raise $364M (₹3,500 Cr)

Deal Summary

Bengaluru-based Kuku, the parent of Kuku FM and Kuku TV, filed confidential IPO papers to raise ₹3,500 Cr (approximately $364M) and target a valuation of up to ₹15,000 Cr ($1.56B). The filing makes Kuku the first Indian microdrama startup to go public, with a planned listing before the end of the financial year. The move underscores investor interest in AI‑driven mobile entertainment.