Kuku FM's Revenue Soars 114% to INR 104 Cr in FY24

• Kuku FM's operating revenue for FY24 was INR 88 Cr, a 114% increase from the previous year.
• The startup's total loss for FY24 was INR 96 Cr, an 18% decrease from the previous fiscal year.
• Expenditure increased by 21% to INR 200 Cr in FY24, largely due to advertising and employee costs.
• Kuku FM has over 25 Mn paid users and hosts more than 150K hours of content.
• The startup recently raised $25 Mn in a Series C funding round.

Source: Inc42