About JioSaavn
JioSaavn is a company based in Mumbai (India) founded in 2007 by Anurag Gupta, Vinodh Bhat, Rishi Malhotra, and Paramdeep Singh.. JioSaavn has raised $100 million across 2 funding rounds from investors including Liberty Media, Bertelsmann India Investments and Guy Oseary. The company has 298 employees as of March 28, 2024. JioSaavn offers products and services including Music Streaming Service, Podcasts, and Radio Stations. JioSaavn operates in a competitive market with competitors including Ximalaya, Gaana, OK Listen, Dhingana Music and Baja, among others.
- Headquarter Mumbai, India
- Employees 298 as on 28 Mar, 2024
- Founders Anurag Gupta, Vinodh Bhat, Rishi Malhotra, Paramdeep Singh
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Saavn Media Limited
- Date of Incorporation 26 Aug, 2011
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$228.93 K (USD)1.38as on Mar 31, 2023
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Net Profit
$-128.37 M (USD)-230752.34as on Mar 31, 2023
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EBITDA
$-140.06 K (USD)17.68as on Mar 31, 2023
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Total Equity Funding
$100 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Liberty Media
& 6 more
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Employee Count
298
as on Mar 28, 2024
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Products & Services of JioSaavn
JioSaavn offers a comprehensive portfolio of products and services, including Music Streaming Service, Podcasts, and Radio Stations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for streaming and downloading music content
Collection of spoken-word audio on various topics
Live and on-demand radio for diverse genres
Funding Insights of JioSaavn
JioSaavn has successfully raised a total of $100M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(07 Jul 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Angel Round - JioSaavn | Valuation | Guy Oseary |
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| Jul, 2015 | Amount | Series C - JioSaavn | Valuation | Tiger Global Management |
| 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 JioSaavn
JioSaavn has secured backing from 7 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Liberty Media, Bertelsmann India Investments and Guy Oseary. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Bertelsmann
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Founded Year | Domain | Location | |
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Private equity firm backed by Mousse Investment
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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 JioSaavn
| 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 - JioSaavn
| 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 |
Jiosaavn Comparisons
Competitors of JioSaavn
JioSaavn 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, Gaana, OK Listen, Dhingana Music 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 |
Online platform for streaming internet radio, audiobooks, and more
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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 |
Indian music is streamed on-demand through Dhingana 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 Jiosaavn
Frequently Asked Questions about JioSaavn
When was JioSaavn founded?
JioSaavn was founded in 2007 and raised its 1st funding round 8 years after it was founded.
Where is JioSaavn located?
JioSaavn is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of JioSaavn?
Rishi Malhotra is the current CEO of JioSaavn. They have also founded this company.
Is JioSaavn a funded company?
JioSaavn is a funded company, having raised a total of $100M across 2 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on Jul 07, 2015.
How many employees does JioSaavn have?
As of Mar 28, 2024, the latest employee count at JioSaavn is 298.
What is the annual revenue of JioSaavn?
Annual revenue of JioSaavn is $228.93K as on Mar 31, 2023.
What does JioSaavn do?
Jio Saavn is a music streaming platform for on-demand music that allows users to stream and download the songs based on the artists, genres, etc. It offers various features include filtering, toggling between songs, albums, and playlists, metadata searches for artists and music directors, etc. The songs are available in various languages like Hindi, Marathi, Punjabi, Kannada, and more. The mobile app is available for Android, iOS, and Windows devices. It generates revenue through the freemium model and advertisements.
Who are the top competitors of JioSaavn?
What products or services does JioSaavn offer?
JioSaavn offers Music Streaming Service, Podcasts, and Radio Stations.
Who are JioSaavn's investors?
JioSaavn has 7 investors. Key investors include Liberty Media, Bertelsmann India Investments, Guy Oseary, Tiger Global, and Steadview.