
JioSaavn
Listen to New Hindi Songs Online Only on JioSaavn..
Date | Investors | Amount | Round |
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- | investor | €0.0 | round |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
* | $10.0m | Late VC | |
Total Funding | 000k |
JioSaavn operates as a major music streaming service in India, born from the 2018 merger of Reliance's JioMusic and the established platform, Saavn. This strategic consolidation created an entity valued at over $1 billion, combining Saavn's streaming expertise with Jio's extensive digital and telecommunications infrastructure. The company's history traces back to 2006 when Saavn was founded as BODVOD Network, initially a B2B distributor of Hindi cinema content in North America. The founders, including Rishi Malhotra, Paramdeep Singh, and Vinodh Bhat, pivoted to a B2C music streaming model in 2009, officially launching Saavn.com.
The platform's business model is primarily freemium, generating revenue through two main streams: advertising and subscriptions. The free, ad-supported tier provides access to a vast music library, attracting a large user base which makes it a valuable platform for advertisers. The premium subscription, JioSaavn Pro, offers users an ad-free experience, higher audio quality, and the ability to download tracks for offline listening. This dual approach allows the company to cater to a broad spectrum of users across India and the global Indian diaspora.
JioSaavn boasts a comprehensive catalog of over 80 million tracks in 16 languages, with a significant focus on Bollywood, regional Indian music, and podcasts. The service is accessible across a wide range of devices and platforms, including Android, iOS, and smart speakers like Amazon Alexa. Strategic partnerships have been a key component of its growth. A notable integration with Facebook's Open Graph platform significantly increased user traffic, and a partnership with Shazam enhanced music discovery by incorporating Saavn's library. The merger with JioMusic was a pivotal moment, providing seamless access to over 252 million Jio subscribers at the time and creating a massive addressable market. The platform continues to evolve by investing in original content, such as its Artist Originals (AO) program, which promotes independent musicians.
Keywords: music streaming, Indian music, Bollywood music, regional music, on-demand audio, digital music distribution, freemium model, subscription service, mobile music app, artist development, digital advertising, Jio Platforms, Saavn, Artist Originals, South Asian music, podcast streaming, content licensing, online entertainment, audio streaming service, vernacular content