wordpress blog stats
Connect with us

Hi, what are you looking for?

Saavn raises funding from Steadview Capital; Aircel partnership; Adds 8 lakh international tracks

Music streaming service Saavn has raised an undisclosed amount in funding from Hong-Kong based hedge fund Steadview Capital, reports The Next Web. Saavn CEO Rishi Malhotra confirmed the development to the publication. Last month, The Economic Times had reported that Saavn was about to raise about Rs 240 crore funding in a round led by Steadview Capital. Malhotra also hinted at a possible expansion to the Middle East sometime next year. There was also a shuffle of roles within the New York-headquartered company. Malhotra, who was the President till now, has switched into the CEO role. And Founding CEO Vinodh Bhat will take over Malhotra’s previous role, and will also be the new Chief Strategy Officer. Aircel, Saavn team up to launch ‘Aircel Music Mornings’ Aircel has tied-up with Saavn to launch a music-based promotion scheme called Aircel Music Mornings, reports The Hindu Business Line. Aircel users will get free data access to Saavn’s music catalogue between 6-9am throughout the week for one month, as part of this scheme. The scheme is expected to run for three months. For those three hours data usage on Saavn will be free for Aircel pre-paid users. Their existing data packages will not be drained. At present the service is available in Maharashtra, including Mumbai, and in Tamil Nadu and Chennai. Aircel’s Chief Marketing Officer Anupam Vasudev told the publication that the service will be extended to other regions shortly. It’s worth noting that only Aircel subscribers who use iOS and Android-based phones will be…

Please subscribe/login to read the full story.
Written By

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ