Streo, a live music streaming app has raised an undisclosed amount of investment from GEMs advisory and Quarizon, an accelerator fund. The startup will use the raised funds for expansion across Tier I cities in India.
Founded in December 2015, by Arush Dhawan, Prerana Dhawan & Pranav Trehan, Streo aims to be an one-stop technology solution provider to the live-music event space. It brings a unique, curated music experience for users from across the world, Live. The startup is trying to bridge the gap between the music lovers and artists by providing live tune- in access to their favourite nightclubs though its revolutionary app platform.
Commenting on the announcement Founder Arush Dhawan said, “We are receiving a lot of interest from nightclubs and independent artists from multiple locations and have partnered with the more popular nightclubs in Delhi, Mumbai, Bangalore, Goa & Pune since March 2016. The investment from Quarizon will help us in rapidly expanding our partnerships with nightclubs and artists, thereby providing users a diverse experience. Also, while live music streaming is our key value proposition, we will be introducing other solutions going forward keeping in mind our vision, by constantly enhancing the user experience.”
The app is available on both iOS and Android.
