Music streaming platform JioSaavn raises ₹140 crore from Reliance

Music streaming platform JioSaavn has raised over ₹140 crore from its parent entity Reliance Industries (RIL). The Mukesh Ambani-led conglomerate had acquired Saavn music app and merged it with its music streaming platform JioMusic to create the billion-dollar JioSaavn platform last year. Saavn had raised $110 million (over ₹780 crore) before the acquisition, as per Crunchbase.