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EquityPandit

EquityPandit
STARTUPS

Kuku FM Raises $19.5 Million From Krafton

Kuku FM announced that it had raised $19.5 million in a funding round led by gaming giant Krafton. The funding round was also participated by existing investors like 3one4 Capital, Vertex Ventures, and India Quotient. The company said it would utilise the fresh funds to broaden its language offerings and consolidate its content creation strategy.


Kuku FM provides content creation tools to its users, allowing them to create, develop and post content. It offers content in five languages which are Hindi, Marathi, Bengali, Tamil, and Gujarati. “Kuku FM is originating a new category for audio content by bringing premium, unique, and digital audio experience to our users. We have noticed an outstanding use of audio content amongst users in our country,” Lal Chand Bisu, CEO and co-founder of Kuku FM, said.


“We are happy to partner with Kuku FM and help them in their journey of building a strong creator and listener ecosystem, which will grow rapidly, creating many unique local IPs. Here at Krafton, we believe that Indian IPs and local Indian languages content growth will open the next big monetization opportunity not just in India but even worldwide,” Sean Hyunil Sohn, head of India division at Krafton said.

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INDIA

Delhi Govt Plans Artificial Rain, Anti-Pollution Drive to Tackle Smog

Dhruva Kulkarni

The Delhi government is set to conduct artificial rain trials, pending water sample test results, along with large-scale anti-pollution efforts to tackle pollution hotspots across Delhi-NCR.

Environment Minister Manjinder Singh Sirsa said the government is actively working to reduce pollution, with visible improvements and efforts accelerating for better air quality.

The government is considering artificial rain, with studies underway to check if the chemicals used could harm health.

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A small-scale test will be conducted in outer Delhi, and water samples will be analysed before moving forward with the plan.

Sirsa called the smog tower project a “failure” and said a new multi-area anti-pollution plan will be announced soon.

The new plan will focus on directly targeting pollution sources and working to reduce them.

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INDIA

West Bengal Govt Announces Rs 6,800 Bonus for Employees, Rs 3,500 for Pensioners

Dhruva Kulkarni

The West Bengal government will provide an ad hoc bonus of Rs 6,800 to employees earning below Rs 44,000 per month as of March 2024, excluding those under productivity-linked bonus schemes.

Eligible employees will receive the bonus before Eid-ul-Fitr or between 15th and 19th September.

Pensioners will get an ex gratia payment of Rs 3,500.

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Employees earning up to Rs 52,000 per month can avail an interest-free advance of up to Rs 20,000.

Thousands of government employees and pensioners are expected to benefit from this decision.

Separately, the West Bengal government informed the Supreme Court that the state commission for backward classes is reassessing the issue of backwardness, with the next hearing scheduled for July.

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INDIA

Chandrababu Naidu meets Indian-origin teen behind AI heart disease detection app

Dhruva Kulkarni

Andhra Pradesh Chief Minister Chandrababu Naidu met Siddharth Nandyala, a 14-year-old Indian-American from Andhra Pradesh and the world’s youngest AI-certified professional, who developed ‘CircadiaV,’ an AI app that detects heart diseases in seven seconds with 96% accuracy.

Tested on over 15,000 patients in the US and 700 in India, including trials at Guntur Government General Hospital, the app uses smartphone heart sound recordings for early detection.

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Naidu invited Siddharth to the Secretariat, praised his innovation, and assured full government support.

Deputy CM Pawan Kalyan also congratulated Siddharth, who attended the meeting with his father and Health Minister Satyakumar Yadav.

Naidu later shared his admiration on social media, calling the app a medical breakthrough and encouraging Siddharth’s contributions to healthcare technology.

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INDIA

Govt Begins India’s First Exploration Licence Auction for Critical Minerals

Dhruva Kulkarni

India has taken a big step in unlocking its critical mineral resources! On Thursday, Union Coal and Mines Minister G Kishan Reddy launched the nation’s first-ever auction of Exploration Licences (ELs) for 13 blocks of critical minerals, including rare earth elements (REE), zinc, diamonds, copper, and platinum group minerals (PGE).

The event also featured a roadshow on the 5th Tranche of Critical Mineral Blocks and the launch of AI Hackathon 2025, focusing on “Mineral Targeting using AI.”

Reddy highlighted India’s mining sector growth over the last decade, stating that the new auction system will bring transparency, efficiency, and private sector participation. The framework allows private companies to explore up to 1,000 square metres per licence, with states like Andhra Pradesh, Gujarat, Jharkhand, Maharashtra, Uttar Pradesh, Chhattisgarh, Rajasthan, and Karnataka offering exploration opportunities.

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The 2023 amendment to the Mines and Minerals (Development and Regulation) (MMDR) Act aims to bridge the gap in private sector participation and boost systematic mineral exploration.

Goa CM Pramod Sawant emphasised the importance of critical minerals for India’s future green energy, stating that the policy will help the country achieve self-reliance on key resources while boosting Goa’s mining sector.

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INDIA

India-Mauritius Ties Upgraded to ‘Enhanced Strategic Partnership’: PM Modi

Dhruva Kulkarni

PM Modi announced that India and Mauritius will strengthen ties by elevating their partnership to an “Enhanced Strategic Partnership.”

He introduced the MAHASAGAR initiative, expanding on the SAGAR vision for regional growth and security. India will help build Mauritius’ new Parliament, calling it a gift from the “Mother of Democracy.”

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India will support Mauritius in strengthening its Coast Guard, police academy, and maritime security.

Modi reaffirmed India’s respect for Mauritius’ sovereignty, including support in the Chagos Islands dispute. The visit strengthens cooperation in trade, infrastructure, security, and cultural ties.

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