Home Industry News Saavn Raises $100 Million in New Round of Funding…

Saavn Raises $100 Million in New Round of Funding…

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Saavn Raises $100 Million in New Round of Funding…

by Nina Ulloa

At the beginning of the year, Indian streaming service Saavn hired Mahesh Narayanan, a former Google India Mobile executive. Saavn is competing for control of the Indian streaming market, going against companies like Rdio, who acquired Dhingana.

Saavn has just received a huge boost, in the form of $100 million in Series C funding. The round was led by Tiger Global.

Bertelsmann India Investments, Steadview Capital, Liberty Media, Mousse Partners, Quilvest, and others also participated in the round.

Saavn will use to money to scale the platform, add video, and secure new content deals.