Kuku Technologies, the parent company of audio and video content platform Kuku FM, has confidentially filed draft papers with market regulator Sebi for a Rs 3,500 crore initial public offering, people familiar with the development told ET.
The company is targeting a valuation of around Rs 15,000 crore, according to one of the people, compared with its last private market valuation of about Rs 4,500 crore. The final valuation and issue size could change depending on market conditions.
