Kuku FM, an audio content platform today, announced that it has recently crossed 1 million active paying subscribers.
The platform has so far raised USD 25 million from blue chip VCs like Krafton, Verlinvest, Vertex, 3one4 Capital and IQ. India has emerged as the ultimate frontier for acquiring content subscribers with top OTT platforms having captured over a 100 million, mostly English educated, subscribers so far.
Lal Chandu Bisu, CEO and Co-founder, said “This milestone is a testimony of our commitment to become the go-to destination for audio content for every aspirational youth in this country. Our scalable platform, combined with inspiring content from different content creators, has enabled us to deliver consistent experiences to our listeners and provided a strong growth trajectory for our business. We are confident and bullish on reaching maximum Indian households and achieve 10 million paid subscribers in the next year.”