About Rdio
Rdio is a company based in San Francisco (United States) founded in 2008 was acquired by Pandora in November 2015.. Rdio has raised $125.7 million across 6 funding rounds from investors including Skype, Pandora and Atomico. Rdio has completed 2 acquisitions, including Dhingana Music and TastemakerX. Rdio operates in a competitive market with competitors including Deezer, Spotify, SoundCloud, Qobuz and Napster, among others.
- Headquarter San Francisco, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$125.7 M (USD)
in 6 rounds
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Latest Funding Round
$25 M (USD), Private Equity Round
Apr 01, 2014
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Investors
Skype
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Dhingana Music
& 1 more
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Acquired by
Pandora
(Nov 16, 2015)
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Funding Insights of Rdio
Rdio has successfully raised a total of $125.7M across 6 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $25 million completed in April 2014. 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 6
- Last Round Private Equity Round — $25.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Private Equity Round - Rdio | Valuation |
investors |
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| Dec, 2013 | Amount | Private Equity Round - Rdio | Valuation |
investors |
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| Nov, 2013 | Amount | Private Equity Round - Rdio | Valuation |
investors |
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| 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 Rdio
Rdio has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Skype, Pandora and Atomico. 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 capital investments are directed toward tech sectors.
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Founded Year | Domain | Location | |
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Tech-based companies are invested in by Atomico venture capital fund.
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Founded Year | Domain | Location | |
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VoIP software for internet video chats and calls is offered.
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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 Rdio
Rdio has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Dhingana Music and TastemakerX. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Social music discovery platform
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2011 | ||||
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Indian music is streamed on-demand through Dhingana platform.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rdio
| 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 |
Rdio Comparisons
Competitors of Rdio
Rdio 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 Deezer, Spotify, SoundCloud, Qobuz and Napster, 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 on-demand music and radio streaming
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| domain | founded_year | HQ Location |
Music streaming is offered on-demand to global users.
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| domain | founded_year | HQ Location |
Music streaming services are provided online for free.
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| domain | founded_year | HQ Location |
On-demand music streaming is provided through subscription services.
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| domain | founded_year | HQ Location |
Napster is recognized for providing music streaming platform solutions.
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| domain | founded_year | HQ Location |
On-demand music streaming and content sharing 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 Rdio
Frequently Asked Questions about Rdio
When was Rdio founded?
Rdio was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Rdio located?
Rdio is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Rdio a funded company?
Rdio is a funded company, having raised a total of $125.7M across 6 funding rounds to date. The company's 1st funding round was a Private Equity Round of $3.8M, raised on Oct 14, 2009.
What does Rdio do?
Rdio was founded in 2008 in San Francisco, United States, as a provider in the music streaming sector. Ad-supported and subscription-based streaming options are offered for desktop systems like OS X and Windows, along with mobile support for Android, BlackBerry, iOS, and Windows devices. Music discovery is facilitated through recommendations, personalized albums, stations, and playlists, while users activities can be shared on social media.
Who are the top competitors of Rdio?
Rdio's top competitors include Deezer, Spotify and SoundCloud.
How many acquisitions has Rdio made?
Rdio has made 2 acquisitions, including Dhingana Music, and TastemakerX.
Who are Rdio's investors?
Rdio has 4 investors. Key investors include Skype, Pandora, Atomico, and Mangrove Capital Partners.
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