About Dhingana Music
Dhingana Music is a company based in Pune (India) founded in 2007 was acquired by Rdio in March 2014.. Dhingana Music has raised $8.25 million across 2 funding rounds from investors including Lightspeed Venture Partners, Athera Venture Partners and Rdio. Dhingana Music operates in a competitive market with competitors including JioSaavn, Gaana, OK Listen, Damroo and Baja, among others.
- Headquarter Pune, India
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Dhingana Entertainment Private Limited
- Date of Incorporation 01 Jul, 2011
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$10.3 K (USD)-98.47as on Mar 31, 2017
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Net Profit
$-8.87 K (USD)95.27as on Mar 31, 2017
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EBITDA
$-7.99 K (USD)95.8as on Mar 31, 2017
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Total Equity Funding
$8.25 M (USD)
in 2 rounds
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Latest Funding Round
$7 M (USD), Series B
Oct 26, 2012
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Investors
Lightspeed Venture Partners
& 3 more
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Employee Count
Employee Count
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Acquired by
Rdio
(Mar 14, 2014)
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Funding Insights of Dhingana Music
Dhingana Music has successfully raised a total of $8.25M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in October 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $7.0M
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First Round
First Round
(01 Feb 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2012 | Amount | Series B - Dhingana Music | Valuation | Helion Venture Partners , Lightspeed Venture Partners | |
| Feb, 2011 | Amount | Series A - Dhingana Music | Valuation | Helion Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Dhingana Music
Dhingana Music has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Athera Venture Partners and Rdio. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early to late-stage venture capital is invested in Indian sectors.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Athera.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Dhingana Music
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Dhingana Music
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dhingana Music Comparisons
Competitors of Dhingana Music
Dhingana Music operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as JioSaavn, Gaana, OK Listen, Damroo and Baja, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
On-demand music streaming and downloading are facilitated by JioSaavn.
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| domain | founded_year | HQ Location |
Gaana is operated as a music streaming platform.
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| domain | founded_year | HQ Location |
Online music streaming platform and music store
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| domain | founded_year | HQ Location |
Regional music is streamed via an app-based platform.
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| domain | founded_year | HQ Location |
Regional music in Indian languages is streamed via Baja platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dhingana Music
Frequently Asked Questions about Dhingana Music
When was Dhingana Music founded?
Dhingana Music was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Where is Dhingana Music located?
Dhingana Music is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is Dhingana Music a funded company?
Dhingana Music is a funded company, having raised a total of $8.25M across 2 funding rounds to date. The company's 1st funding round was a Series A of $1.25M, raised on Feb 01, 2011.
What is the annual revenue of Dhingana Music?
Annual revenue of Dhingana Music is $10.3K as on Mar 31, 2017.
What does Dhingana Music do?
Dhingana was founded in 2007 in Pune, India, as an on-demand music streaming service focused on Indian songs. Access to music is provided based on artists and genres, with options for users to create personalized playlists and share content on social media. Recommendations are generated according to user preferences, while albums and playlists can be discovered, liked, and commented on. Revenue is derived from subscriptions.
Who are the top competitors of Dhingana Music?
Who are Dhingana Music's investors?
Dhingana Music has 4 investors. Key investors include Lightspeed Venture Partners, Athera Venture Partners, Rdio, and Helion Venture Partners.