Digital entertainment startup Kuku Technologies has confidentially filed for an initial public offering (IPO) and plans to raise between ₹2,500 crore and ₹3,500 crore ($260 million to $360 million). According to people familiar with the matter, the company is targeting a valuation of approximately ₹15,000 crore ($1.8 billion), signaling one of the most significant upcoming public offerings in India’s digital entertainment sector.
The planned IPO comes as microdramas—short, serialized video stories lasting one to two minutes and optimized for mobile consumption—continue to gain rapid traction among Indian audiences. The growing popularity of bite-sized entertainment content has created a favorable environment for digital content platforms such as Kuku.
Driven by this trend, Kuku Technologies has delivered exceptional financial growth. According to information accessed by sources, the company’s revenue surged nearly sevenfold to more than ₹1,400 crore in FY26, compared with ₹240 crore in FY25. Additionally, the startup has moved close to breakeven after reporting a loss of ₹153 crore in FY25, primarily due to aggressive advertising and customer acquisition investments.
Earlier, it was reported in October 2025 that Kuku had appointed four investment banks—Kotak Mahindra Capital, Jefferies, JM Financial, and Axis Capital—to manage its public offering. The IPO is expected to include both a fresh issue of shares and an offer-for-sale (OFS) component. However, the company declined to comment on the development.
Founded in 2018 by Lal Chand Bisu, Vikas Goyal, and Vinod Meena, Kuku Technologies was last valued at $500 million following an $85 million funding round in October 2025. That valuation represented nearly a threefold increase from the company’s $177 million valuation recorded in September 2023.
To date, the startup has secured a total of $158 million in funding from prominent investors, including Granite Asia, Fundamentum, India Quotient, 3one4 Capital, and Vertex Ventures. Other notable backers include Krafton, International Finance Corporation, Paramark, Tribe Capital India, Bitkraft, and former Indian cricket captain Mahendra Singh Dhoni.
Headquartered in Bengaluru, Kuku operates several digital platforms across entertainment and education segments. Its portfolio includes subscription-based microdrama platform Kuku TV, audio storytelling platform Kuku FM, and microlearning platform Guru. Additionally, the company operates Filmy, a curated movie-content platform, and FreeDrama, a free-to-access microdrama application.
The startup claims to have surpassed 400 million app installs across its ecosystem and currently serves more than 10 million subscribers. Furthermore, its content library spans over 60,000 hours across seven to eight Indian languages, strengthening its position in the regional content market. At the same time, Kuku is preparing to expand internationally, with developed markets such as the United States emerging as key targets.
Beyond digital content, Kuku has also entered film production. The company recently released its first Hindi feature film, Indian Institute of Zombies, on May 15, 2026, marking its entry into mainstream entertainment production.
Artificial intelligence remains central to Kuku’s long-term growth strategy. The company is leveraging AI to streamline content creation and lower production costs across the entire value chain, including ideation, scriptwriting, production, distribution, and audience engagement.
Currently, Kuku releases hundreds of microdramas every month across multiple genres. However, the company plans to significantly scale its output and ultimately produce 1,000 microdramas monthly. In February 2026, Kuku introduced its first slate of AI-powered original microdramas featuring genres such as mythological fantasy, futuristic fiction, and superhero storytelling.
Kuku’s decision to pursue a public listing also reflects improving investor sentiment toward new-age technology companies. Public market investors have increasingly demonstrated a willingness to back high-growth startups with strong future potential, particularly those operating in emerging sectors such as digital entertainment, artificial intelligence, creator economy platforms, and mobile-first content consumption.
As India’s digital media landscape continues to evolve, Kuku Technologies has positioned itself at the intersection of AI-driven content creation, short-form entertainment, and multilingual storytelling. The proposed IPO could provide the company with the capital needed to accelerate international expansion, strengthen its technology infrastructure, and solidify its leadership position in the rapidly growing microdrama and digital content market.
With revenue crossing ₹1,400 crore, a rapidly expanding subscriber base, strong investor backing, and a growing focus on AI-powered content creation, the company is entering the public markets from a position of strength. As demand for short-form entertainment and multilingual digital content continues to surge, Kuku appears well-positioned to capitalize on emerging opportunities both in India and global markets.
