Gaana.com Sold for INR 25 Lakh! Radio Mirchi Parent ENIL Acquires Gaana App Which Was Once Valued USD 580 Million

Gaana, the music streaming app, has been acquired by Radio Mirchi’s parent company, Entertainment Network India Limited (ENIL), for INR 25 lakh. This might comes as a shock, given that 14-year-old app Gaana had previously raised over USD 200 million in funding and was last valued at approximately USD 580 million.  On August 15, 2024, an X user, Ravisutanjani (@Ravisutanjani), shared a post stating, "Gaana Has Been Acquired by Radio Mirchi’s Parent Company for Just INR 25 Lakh". Another X user Saemin Ahn (@Saemin4655), also shared a post sharing the same incident, stating, "Tencent-backed Gaana was acquired for INR 25 lakh by Times Internet, according to filings with the National Stock Exchange (NSE)." Samsung Releases ‘Circle To Search’ Features to Its Galaxy A Series Devices and Tab S9 FE Series.

Gaana Has Been Acquired by Radio Mirchi’s Parent Company

Gaana Was Acquired for INR 25 Lakh

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