India, June 4 -- Audio OTT startup Kuku has filed its DRHP through the confidential route to raise up to Rs.2,500 Cr - Rs.3,500 Cr (about $261 Mn to $366 Mn) through its IPO. The startup is targeting a valuation of up to Rs.15,000 Cr (about $1.8 Bn) for the public listing, sources told Inc42.

The IPO will consist of a fresh issue of shares and an offer-for-sale component, with the fresh funds likely to be utilised toward improving its technology and AI infrastructure, content production, and geographic expansion.

The startup reported a revenue of Rs.1,4000 Cr in FY26, up 5.8X from Rs.240 Cr in the previous fiscal year, the sources said, adding that it was close to breakeven in the last fiscal year.

Kuku declined to comment on Inc42's q...