Kuku FM is Fundamentum’s first investment from its $227-million second fund, which was launched in August. Prateek Jain, who’s Principal at Fundamentum, will be joining Kuku FM’s Board.
Over-the-top (OTT) audio content accounts for a small slice of the digital entertainment pie, but it is shifting to a higher trajectory. New platforms and content in languages beyond English are driving this change.
Fueling its existing offerings, Kuku FM will use the funds raised through this investment to broaden its language offerings and consolidate content creation.