Jasper Infotech, which operates e-commerce giant Snapdeal, has raised $21 million from Luxembourg-based investor, Clouse SA, as part of its ongoing funding round, part of which was received in February this year. Snapdeal had earlier announced it was raising $200 million and this month’s investment is part of the same round and appears to be coming in portions.
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The artists can have their content on the platform as a paid or a free download. Bands like Parikrama are already offering their album for free while music from bands like Indian Ocean is available for free steaming. A number of indie bands and artists like Punkh and Kunal Datta are offering their music as an album or individual tracks.
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