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India s Kuku FM hits high note with $25m in Series C funding

Audio content site Kuku FM Audio has raised $25 million in a Series C funding round, co-led by Nandan Nilekani-backed Fundamentum Partnership and IFC.

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Editor s take: The week that was — May 21-27

The week saw a bunch of mega deals in the region amid the so-called funding winter faced by tech startups.

United kingdomRepublic ofSaudi arabiaJerry liHong kong towngasQatar investment authorityVertex venture holdingsSaudi arabia public investment fundCentre for sightAsia energy transition fundIntouch holdingsGlobal expansion fundInfo servicesStepstone groupAlibaba groupMebig labs private

IFC weighs $10m investment proposal in Indian audio content site Kuku FM

IFC has proposed an up to $10 equity investment in Mebig Labs Private Limited, popularly known as Kuku FM, an Indian audio content startup.

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