India, Oct. 16 -- Audio OTT startup Kuku FM has raised $85 Mn (about INR 747 Cr) in its Series C round led by VC firm Granite Asia. Besides, the round also saw participation from Vertex Growth Fund, Krafton, International Finance Corporation (IFC), Paramark, Tribe Capital India and Bitkraft.

The fresh capital will be deployed to optimise its premium content catalogue along with production of new shows. "With this investment, we'll bring celebrated actors and television personalities into our shows. This will build more and more shows that surpass 100 Mn views while delivering the premium content to our audience," Kuku FM's CEO Lal Chand Bisu said.

The round has materialised about four months after it was reported that the startup had in...