Friday, November 22

Tag: Saavn

Facebook Shared User Data Access With Airtel & Saavn
4Jul By NitishNo Comments
News

Facebook Shared User Data Access With Airtel & Saavn

Social media giant Facebook admitted that they have shared their user's data with Indian telecom company Bharti Airtel and Reliance Jio's music app partner Saavn among others. The social media company said that these all those companies having integration partnerships with Facebook. The integration partners of the company to build ways for Facebook users to receive Facebook or Facebook features on their device or network within platform use policies of the social media firm. "Integration partners were not permitted to use data received through Facebook APIs for independent purposes unrelated to the approved integration without user consent," Facebook said in its submission. According to the information shared by Facebook, its partnership with Airtel is no longer in force. &n...
Read More
Reliance Acquires Saavn Music App for $104 Million+Stock Deal
24Mar By Sheldan RungasamyNo Comments
ACQUISITION

Reliance Acquires Saavn Music App for $104 Million+Stock Deal

Reliance Industries, the Indian conglomerate in oil-to-telecom sector bought a stake in Indian music streaming service called Saavn and decided to merge the company with its JioMusic app and thus create a new unit that is reported said to be valued at $1 billion. Reliance will also have to buy a stake from Saavn’s current shareholders for $104 million. Reliance’s plan is to invest over $100 million, $20 million of it upfront for the expansion of JioMusic-Saavn merge, according to a joint statement issued by both companies. Saavn’s current investors include Tiger Global Management, Liberty Media and Bertelsmann and all of them will keep a holding in the new music services. Reliance, owned by India’s wealthiest person Mukesh Ambani did not reveal the amount of stakes it holds in the...
Read More
Startup Investment Firm K2 Global to Invest More in Paytm, Saavn
9Mar By NitishNo Comments
FUNDING

Startup Investment Firm K2 Global to Invest More in Paytm, Saavn

Start-up investment firm K2 Global, backed by Indian and Asian billionaires, is looking to increase its stake in online mobile applications Paytm and Saavn, which are among start-ups with strong growth market strategies in India. "We are looking to invest more in Paytm and Saavn," said the Singapore-based investor Ozi Amanant, who leads K2 Global backed by Indian and Asian billionaires, institutional investors and family wealth management offices. K2 Global, which has built up stakes in Paytm and Saavn over in about two years, is raising another round of 284 million Singapore dollars, following on to the recently closed 257 million Singapore dollars . "We have a target to raise 1 billion Singapore dollars in the next two years for investments," Amanat said. K2 Global has pledge...
Read More
Indian PM Modi’s ‘Mann Ki Baat’ Available on Saavn App
21Oct By AnkitaNo Comments
News

Indian PM Modi’s ‘Mann Ki Baat’ Available on Saavn App

People can now listen to recorded version of Prime Minister Narendra Modi's radio programme 'Mann Ki Baat' on music application Saavn in 24 languages.PM Modi hosts the programme on All India Radio to address issues and events that affect the general public in India on a daily basis.   "We are honoured to have Prime Minister Narendra Modi's programme, 'Mann Ki Baat' streaming on Saavn. This is in line with his vision of a 'Digital India' wherein technology can effect a qualitative change in peoples' lives," Saavn Global Chief Operating Officer Mahesh Narayanan said in a statement.This marks the first presence of 'Mann Ki Baat' on an Indian digital streaming platform, the statement said.Saavn claims to have 18 million monthly active users. Each Mann Ki Baat programme edition...
Read More