{
  "id": 8036209,
  "title": "Kuku Technologies gets Sebi approval for proposed IPO",
  "url": "https://urgent.news/2026/09/17/kuku-technologies-gets-sebi-approval-for-proposed-ipo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T14:15:15.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/technology/kuku-technologies-gets-sebi-approval-for-proposed-ipo/articleshow/134314577.cms"
  },
  "original_language": "en",
  "account": "India's Securities and Exchange Board of India (Sebi) has given the green light for Kuku Technologies to proceed with its planned initial public offering. The audio storytelling platform Kuku FM and microdrama app Kuku TV, both under Kuku Technologies' umbrella, will now file an updated prospectus with Sebi in the next three weeks. The company aims to list by the first half of 2027.\n\nKuku Technologies had confidentially submitted draft IPO papers to Sebi in June for an offering of up to Rs 3,500 crore. The proposed issue will consist of a fresh share issuance and an offer for sale by existing shareholders. Kuku had initially targeted a valuation of around Rs 15,000 crore, compared to its previous private-market valuation of about Rs 4,500 crore when the draft was filed.\n\nKotak Mahindra Capital, Jefferies, JM Financial, and Axis Capital are managing the IPO. The funds raised will be utilized to bolster Kuku's technology and AI infrastructure, content production, and expansion into new markets. Founded in 2018, the company has grown from its audio platform Kuku FM to its vertical video app Kuku TV, which now generates the majority of revenue. As of last year, Kuku boasted over 10 million paying subscribers.\n\nWith a valuation of $550 million post-money in October 2025, Kuku Technologies has raised over $150 million from private investors. In that round led by Granite Asia, $50 million was primary capital and the remaining $35 million was secondary. High-profile investor MS Dhoni also participated. Recently, Kuku has been expanding its microdrama operations and is setting up a 1,000-member AI-led content production unit in Mumbai to scale content production while reducing costs.",
  "summary": "Kuku will now file an updated prospectus with Sebi in the next three weeks and is eyeing a listing by the first half of 2027, a person familiar with the matter said.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "No proposal from NSE seeking approval for trading on its own platform: SEBI chief",
        "url": "https://urgent.news/2026/09/17/no-proposal-from-nse-seeking-approval-for-trading-on-its-own-platform",
        "published": "2026-09-17T07:55:12.000Z"
      },
      {
        "outlet": "The Hindu",
        "title": "No proposal from NSE seeking approval for trading on its own platform: SEBI chief",
        "url": "https://urgent.news/2026/09/17/no-proposal-from-nse-seeking-approval-for-trading-on-its-own-platform-8014807",
        "published": "2026-09-17T11:12:12.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}