Eric Newcomer, reporting for Bloomberg:
The investment in Gamma Gaana Ltd. totals $115 million, and Times Internet Ltd., the Indian media and technology company that started the business, will also participate, said the person, who wasn’t authorized to discuss the information publicly and asked not to be identified. Tecent and Gaana didn’t respond to requests for comment. Times Internet declined to comment.
I’ve always liked Saavn, but may be it’s time to check out Gaana too.