Hello,
Kuku Technologies Ltd has filed confidential draft papers with Sebi for an IPO.
The company, which operates vernacular audio platform Kuku FM and short-video streaming app Kuku TV, is planning to raise between Rs 2,500 and Rs 3,500 crore and is targeting a valuation of up to Rs 15,000 crore ($1.8 billion) through the proposed public issue, PTI reported citing sources.
Meanwhile, Japanese investor SoftBank Group on Wednesday divested a 3.25% stake in eyewear firm Lenskart Solutions for Rs 2,873 crore through an open market transaction.
In other news, SpaceX is gearing up for a mammoth IPO.
