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

Saavn Raises $100 Million For Music
Courtesy of Saavn

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.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 1

Leave a Reply

1 Comment

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. Arijit Singh says:

    Saavn is very big site and earning well. I wish i can have money so i can beat that website.

More Digital News from Variety

Loading