Bertelsmann and Liberty Media were among the investors in a round that will support the India-based music streaming service's expansion into video.
India-based music streaming service Saavn raised $100m on Tuesday from investors including media companies Bertelsmann and Liberty Media.
Bertelsmann, which invested through its Bertelsmann India Investments subsidiary, and Liberty Media were joined by Tiger Global Management, which led the round, Steadview Capital, Quilvest, Mousse Partners, and undisclosed Hong Kong-based hedge funds and individual investors.
Saavn raised the money at a valuation between $300m to $400m, a spokesperson told TechCrunch.
Founded in 2007, Saavn operates a Hindi-focused music streaming service with…