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
Locked
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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
Not available
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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.
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.
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.
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Venture and private equity investments are managed with global diversification.
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Venture capital firm backed by Bertelsmann
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Private equity firm backed by Mousse Investment
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Investor details for JioSaavn
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Investments & Acquisitions by JioSaavn
Investment portfolio details for JioSaavn
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Financial Statements - JioSaavn
Detailed financials for JioSaavn
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Jiosaavn Comparisons
Peer comparison for JioSaavn
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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.
| 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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Gaana is operated as a music streaming platform.
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| Locked | Locked | Locked |
Online music streaming platform and music store
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Indian music is streamed on-demand through Dhingana platform.
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Regional music in Indian languages is streamed via Baja platform.
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Detailed competitors of JioSaavn
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Latest news on Jiosaavn
Complete news archive for JioSaavn
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Frequently Asked Questions about JioSaavn
JioSaavn was founded in 2007 and raised its 1st funding round 8 years after it was founded.
JioSaavn is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Rishi Malhotra is the current CEO of JioSaavn. They have also founded this company.
JioSaavn is a funded company, having raised a total of $100M across 2 funding rounds to date.
As of Mar 28, 2024, the latest employee count at JioSaavn is 298.
Annual revenue of JioSaavn is $228.93K as on Mar 31, 2023.
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.
JioSaavn offers Music Streaming Service, Podcasts, and Radio Stations.
JioSaavn has 7 investors. Key investors include Liberty Media, Bertelsmann India Investments, Guy Oseary, Tiger Global, and Steadview.