Tencent is joining founding investor Times Internet to provide $115m for the India-based music streaming platform, which is also backed by Micromax.
Internet company Tencent and Times Internet, the online services subsidiary of media group Bennett, Coleman & Co, are investing $115m in India-based music streaming platform Gaana, Bloomberg reported today.
Tencent and Gaana confirmed to Bloomberg that a deal was taking place but did not offer further details about how much capital each investor is providing.
Gaana’s online music streaming platform was launched by Times Internet in 2010 and offers both a free version supported by advertising and a premium subscription…
