Streo Technologies Private Limited, an Indian company co-founded by Arush Dhawan, Prerana Dhawan & Pranav Trehan has raised an undisclosed amount of investment from GEMs advisory and Quarizon, an accelerator fund. Founded in December 2015 with a single-minded vision of being a one-stop technology solution provider to the live-music event space, Streo brings a unique, curated music experience for users from across the world, Live.
In the last few years, the Indian music industry has seen a meteoritic rise in the popularity of live gigs. Nightclubs, bars and pubs have become a regular haunt for the current generation and live music at these locations, their preferred poison. However, the possibility of music & nightlife live streaming depends on their availability, time and location of the live gig. With a strong understanding of the user needs, Streo caters to the users, artists, night clubs and festival organisers.
The startup bridges the gap between the music lovers and artists by providing live tune- in access to their favourite nightclubs though its revolutionary app platform. 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. Users can play a gig of the genre they like or are in the mood for.
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.”
“Streo is an innovative idea and is addressing a nascent opportunity in the music and nightlife sector. Being the first movers in this ecosystem, it gives them an upper hand to capture the market. We believe in supporting such new ideas and our team of mentors is thrilled to extend the guidance and support to the Streo team.” said, Aditya Gupta, Chairman at Quarizon.
The app is available on both iOS and Android platforms.
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