About Gaana
Gaana is a company based in Noida (India) founded in 2010 by Jai Thade and Avinash Mudaliar was acquired by Entertainment Network India in August 2024. It operates as a Freemium and Subscription Services. Gaana has raised $242.04 million across 4 funding rounds from investors including Tencent, Times Internet and Micromax Informatics. Gaana has completed 1 acquisition, including MusicFellas. Gaana offers products and services including Music Streaming, Podcasts, and Radio. Gaana operates in a competitive market with competitors including Ximalaya, JioSaavn, OK Listen, Damroo and Dhingana Music, among others.
- Headquarter Noida, India
- Founders Jai Thade, Avinash Mudaliar
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Entertainment Network India Ltd.
- Date of Incorporation 27 Aug, 2012
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$9.3 M (USD)-38.75as on Mar 31, 2023
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Net Profit
-$23.36 M (USD)38.51as on Mar 31, 2023
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EBITDA
-$21.28 M (USD)40.76as on Mar 31, 2023
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Total Equity Funding
$242.04 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series C
Jun 24, 2021
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Investors
Tencent
& 3 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Entertainment Network India
(Aug 10, 2024)
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Products & Services of Gaana
Gaana offers a comprehensive portfolio of products and services, including Music Streaming, Podcasts, and Radio.
Music streaming service with over 30 million songs.
Podcasts covering stories, motivation, and suspense genres.
Online radio streaming for diverse music genres.
People of Gaana
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Funding Insights of Gaana
Gaana has successfully raised a total of $242.04M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in June 2021. 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.
Investors in Gaana
Gaana has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Tencent, Times Internet and Micromax Informatics.
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Value-added internet, mobile, and telecom services are provided in China.
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Manufacturer of consumer electronics and home appliances
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Provider of digital content, advertising solutions, and technology services
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Investor details for Gaana
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
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Investments & Acquisitions by Gaana
Gaana has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MusicFellas.
Investment portfolio details for Gaana
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online marketplace for independent artists to sell songs
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Gaana
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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Financial Statements - Gaana
Detailed financials for Gaana
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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Gaana Comparisons
Peer comparison for Gaana
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Competitors of Gaana
Gaana 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 Ximalaya, JioSaavn, OK Listen, Damroo and Dhingana Music, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform for streaming internet radio, audiobooks, and more
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On-demand music streaming and downloading are facilitated by JioSaavn.
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Online music streaming platform and music store
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Regional music is streamed via an app-based platform.
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Indian music is streamed on-demand through Dhingana platform.
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Detailed competitors of Gaana
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Gaana
Complete news archive for Gaana
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Frequently Asked Questions about Gaana
Gaana was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Gaana is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Gaana is a funded company, having raised a total of $242.04M across 4 funding rounds to date.
Annual revenue of Gaana is $9.3M as on Mar 31, 2023.
Gaana is managed as a leading music streaming platform offering over 30 million songs across diverse languages including Hindi, English, and regional tracks. It is supported by features like podcasts, online radio, and curated playlists. The platform serves various sectors such as entertainment and digital media, providing solutions for music streaming and content discovery. Users are enabled to stream or download songs for anytime access.
Gaana offers Music Streaming, Podcasts, and Radio.
Gaana has made 1 acquisition, including MusicFellas.
Gaana has 4 investors. Key investors include Tencent, Times Internet, Micromax Informatics, and Entertainment Network India.
The valuation of Gaana is $558.95M as of Jun 2021.