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Wednesday, July 13, 2016

Streo, Live Music Streaming App of Indian Origin, Raises First Round of Funding

Streo, Live Music Streaming App of Indian Origin, Raises First Round of Funding

NEW DELHI, July 13, 2016 /PRNewswire/ --

Streo Brings a Unique, Curated Music Experience on iOS and Android 

We live in an era of start-ups where presumably before even the product hits the
market, entrepreneurs start seeking prospective investors to fund their projects. Seed
investment ensures that the initial expansion, growth and scalability of a business is not
restricted due to lack of funds and also serves as a validation from the real world, that
this business has a bright future and worthy enough for an investor to take a leap of
faith in the seed stage.

(Photo: )

Streo, an app of Indian origin, was launched on the app store and play store in May
2016 and has since raised their first round of seed funding. It is a revolutionary app
that enables users to listen to music from their favourite nightclubs and bars from
anywhere in the world, live. Apart from providing an un-interrupted, high-quality music
experience, Streo gives its users access to the latest trends in music real time, saving
them the trouble of making or updating a playlist ever. 

The brand aims to cater to the needs of the entire eco-system - nightclubs,
artists and users making it a one-stop shop for all their music needs. Streo has on-board
the leaders and influencers in the music industry to provide its users the experience it
promises. To name a few partners, we have Ash Roy of the Jalebee Cartel fame, popular
artists from Goa like Shy-O, Sashanti & Clement, nightclubs and bars like Curlie's (Goa),
Tito's (Goa), Cape Town (Goa), Trilogy (Mumbai), Social (Mumbai), Kitty Su (Mumbai), Aer
(Mumbai) and more streaming live only on Streo.

Mr. Aditya Gupta, Former Chairman Serco (India) and Mr. Akash OP Aurora, Chief
Visionary, IdeaTree (Los Angeles - CA), have invested in this unique concept at a very
early stage through 'Gems Advisory'. Mr. Gupta comes with extensive knowledge about
multiple disciplines of building a large customer base enterprise and brings a plethora of
experience to help develop Streo holistically. He sold his last company, Infovision to
Serco (UK) in 2008. Mr. Aurora, also known to be a 'tech wiz' amidst peers, has found
multiple successful technology ventures and acts as a mentor and technology adviser on the
board of Streo. 

Founder Arush Dhawan said, "There is a high entry barrier in the music space and it is
a capital-intensive business. What we have raised is good enough to get to a point where
lots of people are using and loving the app for us to raise our next round of funding." 

"Things have moved fast, for example, our focus was to curate the nightclubs in India
in 2016, but due to the pro-active response, we have just registered nightclubs like
Levels in Hong Kong & Silk in Colombo to stream on Streo. Hopefully we will keep pivoting
to constantly enhance the user experience," he added.

The app is available on both iOS [ ] and Android
[ ] platforms, and is
currently in its Beta test phase. 

About Streo:    

Streo Technologies Private Limited is an Indian company founded by Arush Dhawan and
co-founded by Prerana Dhawan and Pranav Trehan with a single-minded vision of being a
one-stop technology solution provider to the nightlife industry. Streo is the first
milestone of this journey catering to the eco-system (users, artists, night clubs and
festival organisers) in its entirety. Whilst 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.

Connect with us on: Facebook [ ],
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[ ]

Media contact: 
Prerana Dhawan 
COO, Streo Technologies 



Streo Technologies Pvt. Ltd.

Profile: intent


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