Kuku FM sharply scaled its enterprise in FY25, practically tripling its working income, whilst losses widened because of aggressive promoting spends, in accordance with media studies.

The audio content material platform reported a 175% year-on-year soar in working income to Rs 242 crore in FY25 from Rs 88 crore in FY24, following a 114% development the earlier 12 months. The corporate additionally recorded Rs 16 crore in different earnings, taking its whole earnings to Rs 258 crore for the 12 months.

The corporate’s whole bills greater than doubled to Rs 411 crore in FY25 from Rs 200 crore in FY24. Promoting and advertising and marketing emerged as the biggest value head, accounting for near 70% of whole expenditure. Advert spends surged practically threefold to about Rs 285 crore from Rs 102 crore a 12 months earlier.

Worker profit bills rose 28% to Rs 60 crore, whereas info know-how bills elevated 28% to Rs 27 crore. Depreciation prices tripled to Rs 9 crore through the 12 months.

Because of this, Kuku FM’s web loss widened 59% to about Rs 153 crore in FY25 from Rs 96 crore in FY24.

Based in 2018 by Lal Chand Bisu, Vikas Goyal, and Vinod Kumar Meena, Kuku FM operates two main choices: Kuku FM for long-form audio content material and Kuku TV for serialised microdramas. The platform counts over 10 million paying subscribers.

On the funding entrance, the corporate has raised over $150 million from traders, together with The Fundamentum Partnership, Vertex Ventures, and Krafton, which maintain 12.79%, 11.12%, and 10.17% stakes respectively.

Just lately, it closed an $85 million funding spherical led by Granite Asia, with participation from Vertex Development Fund, Krafton, IFC, Paramark, Tribe Capital India, and Bitkraft.

Kuku FM can be stepping up preparations for a public market debut. The corporate has reportedly shortlisted a number of funding banks to lift as much as Rs 3,000 crore by an preliminary public providing, comprising a mixture of contemporary subject and provide on the market.