Total amount raised
$218.1 Million
Latest funding date
2024-08-10
Location
Gaana is a comprehensive music streaming platform offering over 30 million songs across various languages, including Hindi, English, Bollywood, and regional tracks. Users can stream their favorite songs, listen to radio and podcasts, and download music for offline listening.
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 across various languages, including Hindi, English, Bollywood, and regional tracks. The platform caters to diverse musical tastes, allowing users to stream their favorite music, listen to radio, and enjoy podcasts.
Gaana provides a premium subscription service called Gaana Plus, which offers an enhanced user experience. The platform is designed to be a comprehensive destination for music lovers, featuring top charts, trending songs, and curated playlists to suit every mood and genre.
How Much Funding Has Gaana Raised?
- Series Unknown
- Date: October 2015
- Lead Investors: Micromax Informatics
- Corporate Round
- Amount Raised: USD 115,000,000
- Date: February 2018
- Lead Investors: Tencent
- Debt Financing
- Amount Raised: INR 3,750,000,000
- Date: September 2020
- Lead Investors: Tencent
- Debt Financing
- Amount Raised: USD 40,000,000
- Date: June 2021
- Lead Investors: Tencent
- Debt Financing
- Amount Raised: INR 1,000,000,000
- Date: August 2024
- Lead Investors: Times Internet
Gaana has raised a total of USD 155,000,000 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, with a significant presence in social media, gaming, and financial services.
- Investment Focus Areas: Technology, gaming, social media
- Notable Investments: Epic Games, Spotify, Tesla
- 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, including news, entertainment, and e-commerce platforms.
- Investment Focus Areas: Media, digital content, e-commerce
- Notable Investments: MX Player, Dineout, MensXP
- Micromax Informatics
- Details: Micromax Informatics is an Indian consumer electronics company, primarily known for its affordable smartphones and tablets. It has diversified into other consumer electronics and home appliances.
- Investment Focus Areas: Consumer electronics, smartphones, home appliances
- Notable Investments: YU Televentures, HealthifyMe, Ixigo
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