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India’s Saavn Raises $100 Million for Its Music Service

Indian streaming music service Saavn has raised a $100 million Series C round of funding led by Tiger Global, with existing investors, including Liberty Media and Bertelsmann, chipping in as well. The company is also announced some new growth metrics Tuesday, revealing that it now has 14 million monthly active users.

Saavn, which is headquartered in New York, is a kind of Indian Spotify: The company is offering users in India free on-demand access to millions of songs, with a heavy focus on Bollywood tunes and other local favorites. Saavn has a heavy focus on mobile,where it makes all of its music available for free, without restrictions.

Spotify itself isn’t available in India yet, but Saavn recently got some competition from Rdio. The company acquired local music streamer Dhingana a year ago, and then relaunched the service under its own Rdio brand in January.

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