The corporate is planning to lift between Rs 2,500-Rs 3,500 crore and is focusing on a valuation of as much as Rs 15,000 crore (about USD 1.8 billion) by the proposed public challenge, folks accustomed to the event mentioned on Thursday.
The preliminary public providing (IPO), anticipated within the later a part of this monetary yr, will comprise a mixture of recent challenge of shares and an offer-for-sale (OFS) by current traders.
Proceeds from the recent challenge might be utilised for strengthening expertise and AI infrastructure, content material creation and growth into new geographies.
When contacted, Kuku Applied sciences declined to touch upon the proposed providing.
Kuku’s income surged almost seven-fold to greater than Rs 1,400 crore in FY26 from about Rs 240 crore within the earlier fiscal, whereas the corporate remained near attaining operational break-even.
The corporate has leveraged synthetic intelligence instruments to speed up content material manufacturing, enhance content material suggestions and cut back buyer acquisition prices. Based in 2018 by IIT alumni Lal Chand Bisu, Vinod Kumar and Vikas Goyal, Kuku has constructed a portfolio spanning audio content material, microdrama leisure and edutainment.
Its newest providing, Kuku TV, launched in late 2024, focuses on micro dramas — short-form mobile-first video sequence with episodes usually lasting two to 3 minutes.
The platform is at present releasing over 150 unique exhibits each month and has crossed 200 million downloads.
Business estimates recommend that India’s Hindi and vernacular micro-drama section is increasing at round 60 per cent yearly, pushed by rising smartphone penetration and growing consumption of short-form video content material.
Throughout its platforms, together with Kuku FM, Kuku TV and Guru, the corporate has over 10 million energetic paying subscribers and greater than 400 million cumulative downloads. Its content material library contains over 60,000 hours of programming throughout seven to eight Indian languages.
The corporate has additionally initiated plans to develop into abroad markets, together with the US.
Kuku has raised greater than USD 150 million from traders equivalent to Fundamentum Partnership, Krafton, Vertex Ventures, Granite Asia, Worldwide Finance Company (IFC), Paramark Ventures, India Quotient and 3one4 Capital. Former India cricket captain MS Dhoni can also be amongst its traders.
Kotak Mahindra Capital, Jefferies, JM Monetary and Axis Capital are performing because the book-running lead managers to the problem.
