Dhingana co-founder Swapnil Shinde on paid subscription in online music streaming, Flyte shutdown & more
Social music streaming service Dhingana, which was founded in 2007 by twin brothers, Snehal and Swapnil Shinde, recently touched the 5 million download mark. While 60 percent of this user base comes from India, the other major markets include the US, the UK, Canada and Australia, in that order.
The service currently features a collection of more than 5 lakh free songs in 38-plus Indian languages and claims to be the largest on-demand Bollywood and Indian music streaming service across the globe- with users in more than 220 countries. The company is headquartered in California (US), with an office in Pune. In October last year, the company raised $7 million in Series B, led by Lightspeed Venture Partners. Prior to that, it had raised an undisclosed amount from Inventus Capital Partners and Helion Venture Partners in 2011.
In an exclusive chat with Techcircle.in, Swapnil, co-founder & COO, Dhingana, talks about the company, paid subscription in online music streaming, Flyte shutdown, etc. Watch video for more.