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# Music Streamer Gaana Raises $115M Round Led By Tencent
- URL: https://www.hypebot.com/music-streamer-gaana-raises-115m-round-led-by-tencent/
- Published: 2018-02-28T10:52:49.000Z
- Updated: 2018-02-28T10:52:49.000Z
- Description: Gaana has raised $115 million, as the music streamer's home market of India continues to attract new competitors. Leading the round is Chinese internet giant Tencent, who has become a. Continue reading [https://www.hypebot.com/hypebot/2018/02/music-streamer-gaana-raises-115m-round-led-by-tencent.htm
- Author: Bruce Houghton
- Tags: Music Tech, Startups & Funding, Streaming, Amazon, Apple, Apple Music, China, DIY, DIY musicians, India, indie, music, Music Business, music industry, musician, musicians, Pandora, Spotify, Tencent, #wp, #wp-post, #Import 2026-01-21 10:05

[![Headphones.png.625x385_q100](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c953fd51970b-200wi "Headphones.png.625x385_q100")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c953fd51970b-popup?ref=hypebot.com)Gaana has raised $115 million, as the music streamer's home market of India continues to attract new competitors. Leading the round is Chinese internet giant Tencent, who has become a steady supporter of streaming music globally.Like Spotify, Gaana offers users both free and paid streaming tiers. The startup has not shared its user stats, but CEO Prashan Agarwal [said](https://techcrunch.com/2018/02/27/gaana-raises-115m-led-by-tencent/?ref=hypebot.com) the company is “only 10 percent of the way towards building a business useful for 500 million Indians.”In December, Tencent and Spotify swapped shares in a move designed to strengthen each company's negotiating power. Thus far, Spotify has not entered the Indian market, though it is rumored to be exploring it. **Amazon Prime Music Launches In India**Today, Amazon rolled out its Prime Music service in India, as part of its overall Prime package. Rs. 999/$15 USD annual Amazon Prime memberships also include shipping, video and other perks. Competitors like Gaana, market leader Saavn, Apple Music and Google Play Music charge between Rs. 1,200 ($15) and Rs. 1,440 ($22) yearly, just for music in India.

**MORE: [Amazon Prime Music Streaming Adds India](https://www.hypebot.com/amazon-prime-music-streaming-adds-india/)**