Himalaya Media
Himalaya builds a podcast platform, audio content network, and original production studio for podcasters.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $100m | Late VC | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | - | 11 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Himalaya Media, a prominent player in the audio content industry, was co-founded by Chen Xiaoyu and Yu Jianjun. The company emerged as a significant platform for podcasting and audio content, offering a wide range of services to creators and listeners alike.
Throughout its journey, Himalaya Media underwent several rounds of funding, attracting investments from notable firms such as Susquehanna International Group and Ximalaya FM. These investments fueled the company's growth and expansion in the competitive audio content market.
Despite its success, Himalaya Media faced challenges in its attempts to go public. The company made multiple attempts to launch an Initial Public Offering (IPO), but these efforts did not come to fruition. However, the company's strategic value did not go unnoticed.
In a significant turn of events, Himalaya Media was acquired by Tencent Music Entertainment Group for $1.26 billion. This acquisition marked a pivotal moment in the company's history, providing it with the resources and support to further enhance its offerings and reach a broader audience.
Today, Himalaya Media continues to thrive under the umbrella of Tencent Music, leveraging its new position to innovate and expand in the ever-evolving landscape of audio content.