Saavn Media launched JioSaavn
Saavn Media Private Limited, a subsidiary of Reliance Industries Limited (RIL), launched JioSaavn. This launch signals the official integration of JioMusic and Saavn. It will be available across all app stores.
RIL acquired Saavn Media in March and the implied valuation of the combined entity stands at over $1 billion. JioSaavn combines the streaming media expertise of Saavn with Jio’s digital services ecosystem. The Saavn co-founders Rishi Malhotra, Paramdeep Singh, and Vinodh Bhat, would continue their leadership roles.