Total amount raised
$218.1 Millions
Latest funding date
08/01/2024
Location
Gaana has established itself as a prominent music streaming service, offering a vast library of over 30 million songs in various languages. The platform provides users with access to trending songs, new releases, old favorites, and music categorized by moods and genres.
Keep reading to explore the intricacies of Gaana's fundraising journey and the investors backing this innovative platform.
What Is Gaana?
Gaana is a leading music streaming service in the music streaming industry, offering an extensive library of over 30 million songs in various languages, including Hindi, English, and regional tracks. The platform caters to diverse musical tastes with features like trending songs, new releases, old favorites, and music categorized by moods and genres.
As a comprehensive music platform, Gaana provides users with access to top playlists, top artists, radio, podcasts, and Gaana charts. The service supports both free and premium subscriptions (Gaana Plus), making it a versatile choice for music enthusiasts.
How Much Funding Has Gaana Raised?
- Venture Round
- Amount Raised: Not disclosed
- Date: October 2015
- Lead Investors: Micromax Informatics
- Corporate Round
- Amount Raised: $115M
- Date: February 2018
- Lead Investors: Tencent
- Debt Financing
- Amount Raised: ₹3.8B
- Date: September 2020
- Lead Investors: Tencent
- Debt Financing
- Amount Raised: $40M
- Date: June 2021
- Lead Investors: Tencent
- Debt Financing
- Amount Raised: ₹1B
- Date: August 2024
- Lead Investors: Times Internet
Gaana has raised a total of $155M in funding.
Key Investors
- Tencent
- Details: Tencent is a Chinese multinational conglomerate holding company, known for its various internet-related services and products. It is one of the world's largest technology companies by market value.
- Investment Focus Areas: Social media, gaming, fintech, cloud computing.
- Notable Investments: Spotify, Snap Inc., Epic Games.
- Times Internet
- Details: Times Internet is the digital arm of The Times Group, India's largest media conglomerate. It operates a wide range of digital products and services across various sectors.
- Investment Focus Areas: Media, entertainment, technology, e-commerce.
- Notable Investments: MX Player, Dineout, Cricbuzz.
- Micromax Informatics
- Details: Micromax Informatics is an Indian consumer electronics company and the tenth largest smartphone vendor in the world. It is known for its affordable smartphones and consumer electronics.
- Investment Focus Areas: Consumer electronics, mobile technology, software services.
- Notable Investments: YU Televentures, ixigo, HealthifyMe.
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