Jul 7, 2015

Saavn Music Streaming Startup Raises $100 mn in Series C funding

saavn music funds 100mn


Saavn the Indian music streaming startup has raised $100mn funding in Series C round led by Tiger Global, Steadview and other existing investors. Avendus Capital and LionTree acted as advisors for this fresh capital investment. Saavn is the leading music streaming service for Indian, Bollywood, and International content.

Startup Type
Music Streaming online, Internet, Mobile, Video Streaming, Entertainment Industry, Bollywood Music online

Funds raised till date
$110mn

How will Saavn spend the fresh capital?
Saavn will invest the money in its proprietary ad technology, grow the sales force and strike new content deals.

Business Model
Saavn works in a B2B and B2C model , distributes Indian content through it's partners and on it's own, it has 900+ labels to it's music bank.

Saavn Revenue Model
Freemium service
Paid pro service
Charges  $3.99 per month for woldwide use & $1.99 for India only

Saavn Founders
Rishi Malhotra
Vinodh Bhat



tags: about ssavn, wiki, music, startup, streaming, india, 

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