Gaana $115 million fund raising

2/3/2018

Fund raising

Value:

$ 115 million

Status:

Completed

Date:

2/3/2018

Overview:

Gaana has undertaken a $115 million fund raising.
Tencent is the main investor on the deal.
The borrower is a music streamer that started from Times Media.
Proceeds will be used for AI development and to create more personalised services for its customers.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Fund raising

Practice area:

M&A

Governing law:

India

Industry sector:

Media

Firms:

Shardul Amarchand Mangaldas & Co

Party: Times Internet (Owner)

Touchstone Partners

Party: Tencent (Investor)

Lawyer: Karam Daulet-Singh

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