# Saavn

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/saavn

- Industry: Internet
- Headquarters: New York, US
- Website: www.saavn.com
- Total disclosed funding: $110M
- Latest round: Series C (Jul 7, 2015)
- Investors on record: 8

## About

Saavn, LLC is a comprehensive digital music streaming service that connects users to an extensive library of Indian and international music, offering personalized playlists and podcasts to enrich the listening experience.Founded in 2007 and headquartered in New York, US, Saavn, LLC operates as a digital music streaming service, providing access to a wide range of Indian and international songs. In March 2018, Reliance Industries acquired JioMusic and transferred it to Saavn, investing USD 124 million, including USD 104 million in a Secondary Stock Purchase for existing investors. The company has closed 7 deals to date, with its latest funding round in March 2018.JioSaavn is a leading digital music streaming service that provides users with access to an extensive library of both Indian and international songs, catering to a diverse audience. The platform allows users to stream new releases, top songs, and curated playlists across various genres and moods, thus enhancing the music listening experience. The service is designed to meet the demands of music enthusiasts by offering features such as personalized playlists, radio stations, and podcast streaming. JioSaavn serves a broad client base, including music lovers from India and other countries where Indian music has a significant following, such as the United States, Canada, the United Kingdom, and Australia. Since its inception, JioSaavn has evolved into a comprehensive music platform, aiming to connect users with a variety of music styles and languages, including Hindi, Punjabi, Tamil, Telugu, and more.JioSaavn generates revenue primarily through subscription models and advertising partnerships. The platform offers various subscription tiers, which provide users with enhanced features such as ad-free listening, offline downloads, and exclusive content. These subscriptions are structured to appeal to a wide range of consumers, providing affordable options for individual users as well as family plans. Additionally, JioSaavn partners with brands for advertising opportunities, leveraging its large user base to deliver targeted promotions and sponsored playlists. The service's flagship offerings include access to popular songs, curated playlists, and podcasts, all of which contribute to its revenue stream. By catering to both direct consumers and advertisers, JioSaavn positions itself as a multifaceted platform within the competitive music streaming industry.Looking ahead, Saavn, LLC aims to enhance its offerings with new features and expand its global footprint. Recent funding from Reliance Industries will support the development of innovative products set to launch in the near future. Furthermore, the company plans to target expansion into markets such as Southeast Asia and the Middle East by 2025, seeking to connect with more international users. The investment of USD 20 million into Saavn's operations is expected to bolster these initiatives and facilitate a stronger presence in these emerging markets.

## Funding rounds

- Series C, Jul 7, 2015, $100M — Mousse Partners, Quilvest Capital Partners, Tiger Global Management, Liberty Media Corporation, Steadview Capital Management, Bertelsmann India Investments
- Series B, Aug 13, 2014, $4M — Eniac Ventures, Steadview Capital Management
- Series A, Jan 1, 2009, $6M — India Internet Fund

## Investors

- India Internet Fund (https://capitalatlas.ai/funds/india-internet-fund) — Series A
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Series B
- Steadview Capital Management (https://capitalatlas.ai/funds/steadview-capital-management) — Series B, Series C
- Mousse Partners — Series C
- Quilvest Capital Partners (https://capitalatlas.ai/funds/quilvest-capital-partners) — Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- Liberty Media Corporation — Series C
- Bertelsmann India Investments (https://capitalatlas.ai/funds/bertelsmann-india-investments) — Series C