# Guitaa Technologies Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/guitaa-technologies-pvt

- Industry: Internet
- Headquarters: Jaipur, India
- Website: www.guitaa.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Jan 14, 2021)
- Investors on record: 1

## About

Guitaa Technologies Pvt Ltd is an innovative platform that provides instant chord progressions for songs, catering to musicians and enthusiasts seeking efficient music learning solutions.Founded in 2017 in Jaipur, India, Guitaa Technologies Pvt Ltd operates a platform that assists users in learning and playing music. The company raised INR 3.30 million in Seed funding on January 14, 2021, led by the Centre for Innovation, Incubation and Entrepreneurship. The CEO and founder, Chetan Agarwal, has a history of entrepreneurship and innovation in music education. The current company valuation is INR 52.904 million.Guitaa offers an innovative platform designed to provide instant chord progressions for a wide array of songs, catering to musicians and music enthusiasts seeking to learn and play music efficiently. The core service allows users to access chords for various genres, including popular tracks from notable artists such as Ed Sheeran and Elvis Presley, enhancing the learning experience for aspiring guitarists and songwriters. Guitaa’s main user base consists of amateur and professional musicians, educators, and anyone interested in enhancing their musical skills. The platform operates primarily in the United States, targeting music lovers who seek easy access to song resources and educational tools, allowing them to practice and perform with greater confidence.Guitaa generates revenue through a subscription-based model that provides users access to its extensive library of song chords and learning materials. For the most recent fiscal year 2023, Guitaa reported a revenue of INR 22,359.6 mn and an EBITDA of INR -1,036.8 mn. Customers can select from various pricing plans to access different tiers of service, which may include features such as personalized learning pathways or exclusive content. The transaction structure emphasizes direct-to-consumer sales, allowing individuals to subscribe for monthly or annual fees, which secures ongoing revenue for the company. Flagship offerings include a comprehensive suite of learning tools designed for both casual users and serious musicians. This innovative revenue model positions Guitaa to capitalize on the growing demand for music education solutions in the digital age.Guitaa Technologies Pvt Ltd plans to leverage the INR 3.30 million raised in Seed funding to enhance its platform and expand its product offerings. The company aims to release new learning tools and features designed to improve user engagement and accessibility. Additionally, Guitaa is exploring expansion into new geographic markets, specifically targeting Europe and Southeast Asia by the end of 2023, to reach a broader audience of music learners. These initiatives will support the company's mission to provide comprehensive music education solutions.

## Funding rounds

- Seed, Jan 14, 2021, $0.1M — IIMA Ventures

## Investors

- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Seed