As per The Moneycontrol report, Kuku Technologies has confidentially filed draft papers for an Initial Public Offering (IPO).
The digital entertainment company’s IPO includes a fresh issue of shares and an offer-for-sale by existing investors.
Kotak Mahindra Capital, Jefferies, JM Financial and Axis Capital have been appointed as the lead managers for the offering.
As per news reports, the Bengaluru-based company reported revenue of more than ₹1,400 crore in FY26, compared with ₹240 crore in FY25. The company is approaching breakeven after reporting a loss of ₹153 crore in FY25.
Part of the funds raised through the fresh issue is expected to be used for technology infrastructure, content development, and expansion into new markets. Investments in artificial intelligence tools are also likely to form a part of the spending plan.
The filing comes at a time when short-form mobile drama content is gaining viewership in India. Kuku TV, launched in late 2024, releases more than 150 original shows every month and has crossed 200 million downloads.
Kuku operates audio platform Kuku FM, micro-drama service Kuku TV and learning-focused platform Guru. Across its apps, the company says it has recorded more than 400 million downloads and over 10 million paying subscribers.
Its content library exceeds 60,000 hours and is available in 7 to 8 Indian languages. The company has also started preparations for expansion into overseas markets, including the United States.
Founded in 2018 by Lal Chand Bisu, Vikas Goyal and Vinod Meena, Kuku has raised about $158 million from investors including Granite Asia, Fundamentum, Vertex Ventures, India Quotient, 3one4 Capital, Krafton and IFC.
Kuku's confidential filing comes amid rising interest in short-form digital content in India. The IPO is expected to include both fresh shares and an offer-for-sale component.
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Published on: Jun 4, 2026, 4:14 PM IST
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