Kuku FM raises $5.5 million from Vertex Ventures, Shunwei Capital

The deal comes in the background of growing popularity of audio platform, including local ones

Kuku FM, a vernacular podcasts app, has raised $5.5 million led by Vertex Ventures, a fund owned by the Singaporean government, in an indication of increasing popularity of internet audio platforms in India.

Existing investors Shunwei Capital, India Quotient and 3one4 Capital also participated in the round, a press statement said.

The company was founded by Indian Institute of Technology, Jodhpur alumni Lal Chand Bisu, Vikas Goyal, and Vinod Kumar Meena. The platform, rolled out in 2018, houses audio content like audiobooks, book summaries, learning courses and stories in categories like fiction, personality development, fiction, motivation, mythology, and spirituality.