Tencent leads $50m funding in Indian music streaming platform Gaana

FILE PHOTO: WeChat mascots are displayed inside Tencent office at the TIT Creativity Industry Zone in Guangzhou, China May 9, 2017. REUTERS/Bobby Yip/File Photo

Chinese tech giant Tencent Holdings Ltd has led a $50-million (Rs 375 crore) funding round in Times Internet-owned music-streaming platform Gaana, the Indian company’s spokesperson told DealStreetAsia.

“We recently raised Rs 375 crore debt from existing shareholders, Times Internet and Tencent,” the spokesperson said without disclosing further details.

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