KukuFM, a regional language podcasting network, is in early talks to fund its Series B round, according to two people familiar with the situation.
According to one of the two sources, the future round could be worth anywhere between $15 million and $20 million, with existing investors such as India Quotient and Vertex Ventures expected to participate.
India Quotient is a venture capital firm based in Mumbai that invests in early-stage entrepreneurs. ShareChat, a social media unicorn, and SUGAR Cosmetics, a direct-to-consumer beauty business, are among the companies in its portfolio.
Singapore-headquartered Vertex Venture has been an early backer of FirstCry, travel portal Yatra, and unicorn meat delivery player Licious, among others. Interestingly, while FirstCry became a unicorn in 2020, Licious joined the coveted billion-dollar valuation club earlier this month.