According to the Bank’s website, the proposed Project is an equity investment of up to US$10 million in Mebigo Labs Private Limited (“Kuku FM”), a private limited company domiciled in India. Kuku FM is one of India’s largest digital audio platforms that offers non-music, regional audio content across audiobooks, original series, book summaries, podcasts, and courses focused on non-fiction self-learning content. The content is long-form in nature, broken into bite-sized, audio-only, capsular episodes of 10-15 minutes each like an episodic television show. The platform primarily caters to users in Tier-II and beyond cities in India across semi-urban and rural segments. As of March 2023, the Company had an active paid subscriber base of 2.7 million users.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Mebigo Labs Private Limited (Kuku FM)
Lal Chand Bisu
Chief Executive Officer
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