Kuku FM raises $25 million

New Delhi: Audio content app Kuku FM on Wednesday said it has raised USD 25 million (over Rs 207 crore) in a funding round co-led by The Fundamentum Partnership and International Finance Corporation. Investment firm Vertex Ventures also participated in the funding round.

“In our journey towards building a business model focused on the Bharat 2.0 segment and creating a sustainable business model with a clear path to profitability, Fundamentum team’s insights and support have been invaluable,” Kuku FM Co-founder and CEO Lal Chand Bisu said in a statement.