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Gaana raises $40 Mn debt from Tencent; likely to raise more

Shortpedia

Content Team
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Music and podcast streaming app Gaana has raised $40 million from existing investor Tencent in what appears to be one of the largest debt rounds for a consumer internet company in India in 2021. The Times Internet-backed company has also passed a special resolution to increase the limit of external commercial borrowings to Rs 668.58 crore or $90 million to facilitate getting funds from Tencent Cloud Europe B V.