Krafton announced that it participated in the B-Round investment in the “Cuuku FM (KukuFM) series of India’s largest audio content platform.
Craftone has been looking for an opportunity for business expansion and investing in emerging markets, including India, including India. We have been investing in various digital content manufacturers from the Isphru Enterprise, Game Streaming Platform, Web Novel Platform, Social Platform and Game Development. We have secured partners in audio content through this investment.
This investment is the second investment that the craftone is conducting in India this year. In the series B rounds of Kuuku FM, we leaded to $ 1.9.5 million (KRW23.9bn) investment in the lead investors in the B round. In addition to the craftone, threeone4 capital (3one4 capital), Vertex Ventures, India Quotient, Founder Bank Capital, and VerlinVerst participated in their investment.
Kuuku FM is a Indian maximum audio content platform that holds an Active Paying User (Active Paying User). A total of 5 Indian languages from Hindi, Marrati, Bengali, Tamil and Gujarat, a total of 150,000 hours of content including audiobooks, book summary, and podcasts. It is characterized by providing a wide range of audio contents that can enjoy a wide range of multi-novel audiobooks, self-learning educational materials, entertainment, news, poetry as well as CM Song, as well as CM Song.
Cuku FM Joint Establed Lal Chand Bisu (Lal Chand Bisu) is a “Cuku FM to provide a new category of audio contents by providing a unique and immersive premium digital audio experience. Many users are leading unprecedented audio content consumption among the Indian users, such as the major cities, as well as the major cities, “said it is a leading to the unprecedented audio content consumption between the Indian users,” he said. do. I convinced that by the end of this year, we can achieve 10 million active payment users and to achieve 50 million payment users by 2025. “
Krafton Son Hyun Il India Corporation “Kuuku FM is building a variety of local IPs to use a variety of local IPs to build a strong creator and listener ecosystem,” said Kraffe Ton, Bust believes that not only India, we believe it will open a great profitable creation opportunity, and Kuuku FM is the most suitable location in the audio field. “