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Market regulator SEBI has given the green light to Kuku Technologies, a digital audio and video content platform, to proceed with its IPO plans, months after the company filed its draft IPO documents confidentially. On September 11, Friday, SEBI reportedly issued its observation letter for Kuku’s offer documents. SEBI’s observations are a key regulatory requirement for companies and market entities seeking to launch public issues, including initial public offerings (IPOs) and new fund offerings (NFOs). The approval comes at a time when investor appetite for short-form entertainment platforms is rising. Kuku filed its confidential DRHP with SEBI in June. Mint was the first to report in June that the company was seeking to raise between ₹2,500 crore and ₹3,500 crore, targeting a valuation of up to ₹15,000 crore ($1.8 billion). The proposed IPO will comprise both a fresh issue of shares and an offer for sale. Proceeds from the primary issue will be used to invest in technology and AI infrastructure, content production, and geographic expansion. Kuku is set to become one of the first major public-market tests of India’s micro-drama thesis, a category that has seen explosive growth over the past year as audiences increasingly consume bite-sized, cliffhanger-led content on smartphones. Mint reported in April that Kuku’s competitor in the segment, Tencent-backed audio platform Pocket FM, had revived plans to raise fresh capital, targeting $100 million-$120 million at a valuation of $1.5 billion-$2 billion. Founded in 2018 by IIT alumni Bisu, Vinod Kumar, and Vikas Goyal, Kuku has raised more than $150 million from investors, including Fundamentum Partnership, Krafton, Vertex Ventures, Granite Asia, IFC, Paramark Ventures, India Quotient, and 3one4 Capital. Its most recent $85 million Series C funding round, in October 2025, was led by Granite Asia. Kuku Technologies Limited (formerly Kuku Technologies Private Limited and Mebigo Labs Private Limited), provides audiobooks, podcasts, stories, courses, and educational content in multiple Indian languages through its mobile application and digital platforms. Across its portfolio, which also includes edutainment app Guru, Kuku has more than 10 million active paying subscribers and over 400 million cumulative downloads. The company has built a content library exceeding 60,000 hours across multiple Indian languages and has begun laying the groundwork for international expansion, including in the US. Disclaimer: We advise investors to check with certified experts before making any investment decisions. Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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