Fortune MNC 500 India 2026 edition
Rank#425- Total income
- ₹527 Cr
- Profit
- ₹75 Cr
Last year #488
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About Spotify
Spotify is a publicly listed company based in Stockholm (Sweden) founded in 2006 by Martin Lorentzon and Daniel Ek. Music streaming is offered on-demand to global users. It operates on a Freemium, Subscription Services, and Advertising Model model. Spotify has raised $2.06 billion across 12 funding rounds from investors including Fidelity Investments, Tencent and Goldman Sachs. The company has 19,363 employees. Spotify has completed 30 acquisitions, including Betty Labs, Chartable and CordProject. Spotify was last valued at $8.53 billion in June 2015. Its website spotify.com draws about 565.6 million monthly visits. Its Indian entity Spotify India Llp reported revenue of ₹527 Cr. Spotify offers products and services including Spotify Web Player and Spotify App. Its focus areas include Technology, Digital Media and Music Streaming.
Company details
Spotify is operated as a global music streaming service, providing access to millions of songs, podcasts, and audio content. It is focused on the digital media sector, offering solutions for both free and premium users. Services are delivered through web players and mobile applications, catering to a wide audience across multiple regions.
Spotify is ranked #425 on the Fortune MNC 500 India (2026).
Recognitions & Rankings of Spotify
- Headquarters Stockholm, Sweden
- Employees 19,363
- Founders Martin Lorentzon, Daniel Ek
- Stage Public
- SectorsMedia & Entertainment
- Website category Arts and Entertainment · Music
- Website open.spotify.com
- Social LinkedIn X Facebook
- Legal Name Spotify Technology S.A.
Operational Areas
Key Metrics
- Indian entity revenue₹527 Cr
FY 2025 · +50% YoY
- Indian entity net profit₹74.62 Cr
FY 2025 · 14% margin
- Indian entity EBITDA₹82.26 Cr
FY 2025 · 16% margin
- Total Equity Funding$2.06B (USD)
in 12 rounds
- InvestorsFidelity Investments
& 99 more
- Employee Count19,363
- Investments & AcquisitionsBetty Labs
& 29 more
Associated legal entities of Spotify
Spotify operates through Spotify India Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spotify India Llp CIN AAP-6218 | Active | 13 Jun 2019 | Mumbai, Maharashtra | ₹527 Cr | 112 | 2 | View details |
Products & Services of Spotify
Spotify offers a comprehensive portfolio of products and services, including Spotify Web Player and Spotify App.
Spotify Web Player
Music Streaming
Music streaming service accessible via web browsers.
Spotify App
Music Streaming
Mobile app for streaming music and podcasts.
Apps and channels of Spotify
Spotify publishes 2 mobile apps with over 1B+ downloads.
Funding Insights of Spotify
Spotify has successfully raised a total of $2.06B across 12 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 $2.06B
- Total Rounds 12
- First Round $21.6M
(Jun 2007)
- Investors Count 100
Latest 10 of 12 funding rounds of Spotify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | Post-IPO | – | – | ||
| Jun 2016 | Series F | – | – | ||
| Apr 2016 | $1B | Series F | – | TPG, Dragoneer Investment Group | – |
| Jun 2015 | $526M | Series E | $8.53B | Senvest Capital, SuRo Capital | |
| Jun 2014 | Series D | – | – | ||
| Nov 2013 | $250M | Series D | – | TCV | – |
| Nov 2012 | $100M | Series C | – | – | |
| Jun 2012 | Series C | – | – | ||
| Jun 2011 | $100M | Series C | – | Accel | |
| Feb 2010 | $15.78M | Series B | – | – |
Valuation history
| Date | Valuation | Stage |
|---|---|---|
| Jun 2015 | $8.53B | •••••••• |
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Full valuation and stage history of Spotify
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Last known valuation $8.53B (Jun 2015). 100 investors in total: 98 institutional and 2 angel.
Investors in Spotify
Spotify has secured backing from 100 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Tencent and Goldman Sachs.
All
Venture Fund
Institutional
Angel
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm based out of USA | valueact.com | San Francisco, United States | ||
Private equity is managed by a family office-backed firm. | ernstrom.se | Gothenburg, Sweden | ||
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Private equity investments are made in technology-enabled growth companies. | dragoneer.com | San Francisco, United States | ||
Multiple sectors are invested in by this private equity firm. | 1999 | senvest.com | New York, United States | |
Venture capital is invested in global technology companies by TCV. | tcv.com | Menlo Park, United States | ||
Venture capital fund focused on multiple sectors | surocap.com | San Francisco, United States | ||
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Early-stage startups are funded by Northzone venture capital. | northzone.com | London, United Kingdom | ||
Early stage VC firm investing in the US | discoverycapital.com | Port Coquitlam, Canada |
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Investor details for Spotify
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Board of directors of Spotify India Llp (Spotify)
Spotify India Llp is the primary company behind Spotify. The board of Spotify India Llp currently have 2 directors; the longest-serving is Peter Grandelius, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Peter Grandelius DIN 07770610 | Designated Partner | 13 Jun 2019 | 7 yrs 4 mo | Spotify India Llp |
| Amarjit Singh Batra DIN 02630377 | Designated Partner | 13 Jun 2019 | 7 yrs 4 mo | Spotify India Llp |
People of Spotify
14 people are tracked at Spotify (3 in leadership, 9 in board & advisors, 2 in team); the tracked headcount is 19,363.
| Name | Role | Group |
|---|---|---|
Martin Lorentzon | Co-Founder | Leadership |
Daniel Ek | Co-Founder | Leadership |
Dustee Jenkins | Chief Public Affairs Officer | Leadership |
Christopher Marshall | Director | Board & advisors |
Thomas Staggs | Director | Board & advisors |
Kelly Bennett | Advisor to the CEO | Board & advisors |
Ted Sarandos | Director | Board & advisors |
Mona Sutphen | Director | Board & advisors |
Barry McCarthy | Director | Board & advisors |
Heidi O’Neill | Director | Board & advisors |
Shishir Mehrotra | Director | Board & advisors |
Padmasree Warrior | Director | Board & advisors |
Kimberly Letzler | Strategy & Operations Manager, Public Affairs | Team |
Erin Styles | Public Affairs, Communications & PR Lead | Team |
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Complete people profiles for Spotify
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IPO & Listings of Spotify
Spotify is a publicly listed company on the NYSE with ticker symbol SPOT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date06 Apr 2018
- Listed onNYSE: SPOT
- Listed entitySpotify Technology S.A.
- Exchange sectorTechnology services
- ISINLU1778762911
- Share price$527.45 (-0.26% on the day) · 2026-10-13
- Market capitalisation$108.59B
- Price to earnings32.8
- EPS (diluted, trailing year)$16.06
- Volume (last session)1,252,495
Financials of Spotify
Figures of Spotify India Llp, the primary company behind Spotify, for FY 2025. Revenue was ₹527 Cr (+50% year on year). Net profit was ₹74.62 Cr (14% margin). EBITDA was ₹82.26 Cr (16% margin). Revenue has grown at a compounded annual rate of +80% over three years and +101% over five years.
- ₹527 CrRevenue · FY 2025 · +50% YoY
- ₹74.62 CrNet profit · 14% margin
- ₹82.26 CrEBITDA · 16% margin
- 112Employees (provident fund records)
- +80%Revenue CAGR, 3 years
- +101%Revenue CAGR, 5 years
Exchange-reported annual figures
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $19.40B | $2.50B | $2.60B |
| 2024 | $16.95B | $1.23B | $1.65B |
| 2023 | $14.32B | -$575.1M | -$178.4M |
| 2022 | $12.32B | -$451.9M | -$503.4M |
| 2021 | $11.43B | -$40.2M | $269.5M |
Balance sheet, profit and loss, cash flow and ratios of Spotify India Llp are on its company page.
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Detailed financial statements for Spotify
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Spotify
Spotify has strategically engaged in corporate development activities, having acquired 30 companies. Notable acquisitions include Betty Labs, Chartable and CordProject.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides an ad-supported platform for music discovery and identification. | whosampled.com | Salisbury, United Kingdom | 2008 | Nov 2025 | •••• | |
Provider of solutions for content verification | kinzen.com | 2017 | Oct 2022 | •••• | ||
Musical intro games are hosted on an official online platform. | heardle.app | New York, United States | 2022 | Jul 2022 | •••• | |
AI-based text-to-speech solutions are provided for various voices and languages. | sonantic.io | London, United Kingdom | 2018 | Jun 2022 | •••• | |
Cross-platform analytics and attribution for podcast advertising are offered. | podsights.com | United States | 2018 | Feb 2022 | •••• | |
Podcast analytics solution for publishers and advertisers | chartable.com | New York, United States | 2005 | Feb 2022 | •••• | |
Podcasting, publishing, and content distribution services are provided. | whooshkaa.com | Sydney, Australia | 2015 | Dec 2021 | •••• | |
Audiobooks and eBooks are aggregated online by Findaway. | findaway.com | Solon, United States | 2004 | Nov 2021 | $123M | |
Podcast highlights are created and streamed using AI technology. | listentopodz.com | New York, United States | 2020 | Jun 2021 | •••• | |
Audio social platform for sports fans is provided via app. | joinlockerroom.com | Los Angeles, United States | 2020 | Mar 2021 | •••• |
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Complete acquisition details for Spotify
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Deal sources
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Timeline of Spotify
16 dated milestones of Spotify across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Spotify is founded.
- Funding First funding round of $21.6M.
- Milestone Reaches Unicorn status.
- IPO Lists on the stock exchange (IPO).
- Milestone Reaches Soonicorn status.
- Acquisition Acquires Locker Room.
- Acquisition Acquires Podz.
- Acquisition Acquires Findaway.
- Acquisition Acquires Whooshkaa.
- Acquisition Acquires Podsights.
- Acquisition Acquires Chartable.
- Acquisition Acquires Sonantic.
- Acquisition Acquires Heardle.
- Acquisition Acquires Kinzen.
- Funding Latest funding round, Post-IPO,.
- Acquisition Acquires WhoSampled.
Web traffic of Spotify
The website of Spotify (spotify.com) receives about 565.6M visits a month and ranks #56 among all websites worldwide, #5 in Music.
- Monthly visits565.6M
▼ 6.1% vs previous month
- Unique visitors160.7M
per month
- Global rank#56
among all websites
- Category rank#5
Arts and Entertainment · Music
Visitor engagement
- Bounce rate43%
- Pages per visit5.2
- Average visit5 min 25 sec
- DevicesDesktop 60% · Mobile 40%
Similar websites
Websites whose visitors overlap most with Spotify. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| deezer.com | 100% | 16.4M | #2,775 | View details | |
| genius.com | 99% | 176.6M | #240 | View details | |
| soundcloud.com | 98% | 122.1M | #299 | View details | |
| last.fm | 98% | 28M | #1,367 | View details | |
| songza.com | 89% | 2.9K | #7,427,939 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Spotify
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Frequently Asked Questions about Spotify
Spotify was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Spotify is headquartered in Stockholm, Sweden. It is registered at Stockholm, Stockholm County, Sweden.
Spotify is a funded company, having raised a total of $2.06B across 12 funding rounds to date. The company's 1st funding round was a Series B of $15.78M, raised on Jun 2007.
Spotify has 19,363 employees.
The primary company behind Spotify, Spotify India Llp, reported revenue of ₹527 Cr for FY 2025, up 50% year on year.
Spotify is operated as a global music streaming service, providing access to millions of songs, podcasts, and audio content. It is focused on the digital media sector, offering solutions for both free and premium users. Services are delivered through web players and mobile applications, catering to a wide audience across multiple regions.
Spotify offers Spotify Web Player and Spotify App.
Yes, Spotify is publicly traded on NYSE under the ticker symbol SPOT.
Spotify has made 30 acquisitions, including Betty Labs, Chartable, and CordProject.
Spotify has 100 investors. Key investors include Fidelity Investments, Tencent, Goldman Sachs, Telia Company, and Kleiner Perkins.
The valuation of Spotify is $8.53B as of Jun 2015.
Spotify operates through Spotify India Llp.