Economy
Kuku Technologies Cleared by SEBI for IPO Launch
Livemint2h
THE BRIEF
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Market regulator SEBI issued an observation letter for digital audio and video content platform Kuku Technologies to proceed with its initial public offering.
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Kuku previously filed its confidential draft red herring prospectus in June, seeking to raise between ₹2,500 crore and ₹3,500 crore at a valuation up to ₹15,000 crore.
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Founded in 2018, the platform offers audiobooks and podcasts in multiple Indian languages, logging over 10 million active paying subscribers and 400 million cumulative downloads.