Kuku FM’s FY24 Revenue Jumps 114% To INR 104 Cr

Kuku FM, a Mumbai-based vernacular audio platform, reported a significant revenue increase of 114% in FY24, reaching INR 104.1 Cr. The startup’s operating revenue stood at INR 88 Cr, up from INR 41.1 Cr the previous year. Despite the revenue growth, Kuku FM’s total loss decreased by 18% to INR 96 Cr. The platform, which charges users for audio content, claims to have over 25 million paid users. The increase in revenue was accompanied by a 21% rise in expenditure, totaling INR 200 Cr. Kuku FM’s financial performance reflects its growing user base and the expanding market for vernacular audio content in India.