India, Nov. 3 -- Mumbai-based vernacular audio platform Kuku FM saw its revenue increase by over 100% in the financial year ending March 31, 2024 (FY24). The startup reported an operating revenue of INR 88 Cr, a 114% higher than INR 41.1 Cr it had reported a year back.

The startup generates revenue by charging users for the audio content on the platform. Kuku FM claims to have over 25 Mn paid users. Including other income, its total revenue stood at INR 104.1 Cr in FY24, almost a 2X jump from INR 48.8 Cr it reported in the previous fiscal year.

Founded in 2018 by Lal Chand Bisu, Vikas Goyal, and Vinod Kumar Meena, Kuku FM offers audio content across genres such as audiobooks, personal finance, self-help, education, entertainment, news, ...