The Troubled Music streaming Startup Dhingana
from India is acquired by Rdio. It was announced that they will shutdown in February
this year but now Rdio will own Dhingana, which was the biggest entertainment
provider in India with over 1 million songs in 42 languages. The team at
Dhingana took a breath with relax when they heard the acquisition and rest
their fear hope employment. But companies doesn’t disclosed the terms and
condition of the deal. With this acquisition Rdio has plans to launch in India
adding more muscle to its global expansion that started last year and the
founders Snehal and Swapnil Shinde will join the Rdio and help Rdio to launch
in India. Dhingana was highly funded music startup in India and has got $7
million in series B funding last year from Lightspeed Venture Partners, Inventus
partners and others.
Swapnil Shinde, Co-Founder of Dhingana “Dhingana, with over 1-million songs in 42
languages and Indian genres has become synonymous with India’s love of music
for its millions of users around the world. We are excited to bring a new
experience for millions of Dhingana’s loyal fans, to extend that to all Indian Smartphone
users, and join an amazing globally-minded team at Rdio, Our team has built the leading
mobile-first music offering for India, and we are happy to join forces with
another innovative company to reach an expanded global audience,”
India has big challenges facing both free
streaming and pay-for-downloads and with such challenges the privacy of music
is clearly going into abyss when illegal sites Songs.pk offering all songs just
free of cost, just go to website and download it. Company has starting troubledwith Financial Crisis when T Series refused to renewing the licensing to its
songs, which expires 8000 songs from Catalogue.
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