Indian streaming firm Saavn lands investment from U.S. music mogul Guy Oseary

Neither party has revealed how much Israel-born Oseary has invested nor the valuation of Saavn for the deal, but Saavn said that the CEO of Maverick, his talent agency which has grossed over 100 million sales for its artists, has joined as “a partner and investor.” Nine-year-old Saavn raised a $100 million Series C funding round led by Tiger Global at a $300 to $400 million valuation last summer, and it claims to have more than 20 million tracks and over 14 million users. While it is primarily focused on India and Indian music, it claims users across 196 countries — who have the option of paying for a premium membership or using the free ad-supported alternative. – Jon Russell, TechCrunch http://ift.tt/1tqPNj1