Overview
- Kuku confidentially filed a draft red herring prospectus with Sebi on June 4, 2026 to pursue an IPO that could raise between Rs 2,500 crore and Rs 3,500 crore and target a valuation up to Rs 15,000 crore.
- The company has appointed Kotak Mahindra Capital, Jefferies, JM Financial and Axis Capital as lead managers for the offer.
- The planned public issue will include a mix of fresh shares and an offer-for-sale by existing investors, with fresh proceeds earmarked for building AI and technology infrastructure, producing content, and expanding into new markets.
- Kuku reported a sharp revenue jump to about Rs 1,400 crore in FY26 from roughly Rs 240 crore the prior year and said it was close to operational breakeven.
- Kuku runs vernacular audio and short-video services including Kuku FM and Kuku TV, has millions of paying users and hundreds of millions of downloads, and has enlisted cricketer Mahendra Singh Dhoni as an investor and brand ambassador for Kuku TV.