SynopsisAudio platform Kuku FM has confidentially filed draft papers with Sebi for a Rs 3,500 crore IPO. The company aims for a Rs 15,000 crore valuation. Kuku FM expects a sevenfold revenue jump to Rs 1,400 crore in fiscal 2026. This move signals significant growth aspirations for the digital content provider.ETtech(L-R) Vinod Kumar, Lal Chand Bisu and Vikas Goyal, cofounders, Kuku FMAudio and video content platform Kuku FM has confidentially filed draft papers with market regulator Sebi for a Rs 3,500 crore initial public offering, people briefed on the development told ET.The company is targeting a valuation of around Rs 15,000 crore, according to one of the people cited above, compared with its last private market valuation of about Rs 4,500 crore. The final valuation and issue size, however, could change depending on market conditions.Kuku FM recorded a sevenfold jump in revenue to around Rs 1,400 crore in fiscal 2026, another person said. The company had reported operating revenue of Rs 241 crore in FY25.In October 2025, Kuku FM raised $85 million in a funding round led by Granite Asia (formerly GGV Capital), with participation from existing investors including Vertex Growth Fund, Krafton, IFC, Paramark, Tribe Capital India and Bitkraft.Kuku FM declined to comment on the development. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now