Next month’s free video games on Xbox One and Xbox 360 have been announced.
Mumbai-based music-streaming service Saavn announced Thursday that former Vodafone chief executive Arun Sarin has joined as an investor and strategic advisor.
The news comes less than three months after the company announced $ 100 million in fresh funding. At the time, it said it was adding one million new users per month, with 14 million in total.
As of today, that number has grown to 18 million monthly active users, which it says represents a tenfold increase in daily active users in India since last year.
Beyond that, it’s claiming more than 20 million songs (over 250 million streams per month) and a global team of 145 people across five offices.
“Music streaming is a core app on today’s smartphones, and Saavn is superbly positioned to grow rapidly in the fast expanding smartphone market in India,” Sarin said in a statement.
“As an innovative and nimble music-streaming company, at the heart of one of the world’s most valuable markets, Saavn hits all the right notes,” he added.
Meanwhile, the company’s cofounder and chief executive, Rishi Malhotra, said that over 90 percent of the service’s usage is driven by smartphones, and that it plans to “work more deeply with carriers in India and additional territories” in the coming months.
Sarin’s investment amount was not disclosed.
The company’s most recent series C round in July was led by New York-based hedge fund Tiger Global Management, and at the time it said that it expects to hit 20 million users by the end of the year.
But while the service may be the market leader on its home turf in India, it certainly has its work cut out if it hopes to expand globally — an area in which Sarin’s expertise will no doubt help. That said, the company did not make any mention of expansion plans today.
In general, the music-streaming space has been busy.
Earlier this week, we reported that Deezer is planning an IPO later this year as the battle with rivals Spotify and Apple Music heats up. And Google Play Music continues to expand with its official entry into Japan a few weeks ago.
Microsoft’s Groove Music just announced support on Sonos speakers, and Spotify hasn’t managed to keep out of headlines either: On Wednesday it launched its new “Mix Mates” playlist generator to help friends find music they share in common. (We also heard rumors that Spotify will be supported on Google’s upcoming second-generation Chromecast.)
The announcements from Saavn today are encouraging, but it’s only just the beginning of the global music-streaming wars — and versus many of the other big players, its user numbers are still relatively low.
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Virtual reality company Oculus VR revealed new details about its product lineup and partnerships on Thursday morning, as the Facebook-owned company inched closer to the Q1 2016 release of its flagship device, the Oculus Rift VR headset.
Tidemark delivers enterprise performance management (EPM) software. What that esoteric acronym means is that Tidemark helps organizations take internal data they already have and use it to plan the future steps they will take, but also to assess the historical performance of their organization. Tidemark was founded only a few short years ago (in 2009, to be precise) but has already raised close to $ 120 million from a host of investors over multiple rounds. Tidemark is a good example of a new breed of cloud vendor, those that were born into a world already comfortable with cloud-based enterprise tools such as Salesforce and NetSuite. Because of this fact, Tidemark hasn’t had to invent a category; rather it has the somewhat easier job of delivering an existing product category but in new and beneficial ways.
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Revolutionary Medical Device Gains Popularity in Silicon Valley and Beyond
(PRWeb September 24, 2015)
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While “John and Ed” were at Burning Man earlier this month, their paid house sitter (from TrustedHousesitters.com no less) listed their San Francisco pad on Airbnb. , this naturally prompts the question: what can I, as a person who leaves my home from time to time, do to prevent something similar, or worse, from happening to me? Here’s the answer.
GoDaddy, Web.com, and other domain retailers combine domain registrations with their own web page design and hosting. … Lastly, it’s also worth checking out WordPress, which offers themes that are flexible enough to look truly customized. As your …
From the first Mickey Mouse watch in the 1930s to theiconic commercials from the 1950s that proved its watches could “take a licking and keep on ticking,” Timex debuts a smart activity tracker disguised as a men’s stylish analog watch. The best part? You don’t have to charge it.