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Posted by on Oct 25, 2012 in Venture |

Dhingana, the music streaming service india raises U.S. $7 million

Dhingana, the music streaming service india raises U.S. $ 7 million

Dhingana is a music service Grooveshark or Spotify style but with two particular characteristics is free and you can only listen to Indian music.

The venture raised $7 million in a round of Series B funding, a term that is identified within the world of to the second instance of raising money, because the company made progress in its business or already achieved a higher valuation of its assets relative to its start.

This streaming music platform everything is “to Bollywood”, as it has about 15 million unique visitors per month assets, of which 40% are from outside India. It has a base of more than 500,000 songs in 35 languages and even a mobile application compatible with all current platforms, including Nokia.

Within this service you can find songs of all styles to imagine, but of Indian origin. Both soundtracks prolific film industry of that country.

Achieving this Indian company is no accident nor is it part of some investors rushed to place their money. This is painstaking work that began in 2007, when decided to concentrate on building your content library for several years without being online, and then begin to attract users.

This solid growth process allowed him to hire Gokul Rajaram, who was Director of Product of Facebook Ads, as a permanent advisor.

Dhingana is a world of news, if you think of Indian music and imagine bizarre situations or next megahit Youtube undoubtedly spend a pleasant time doing random songs in your library.

Link: Dhingana raises $7M for free, indian music streaming (TechCrunch)

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