Profile abu dhabibased anghami 1.4m 220m a leading music streaming platform based in Abu Dhabi, recently announced a major milestone of reaching 1.4 million users, along with a $220 million fundraising round. This impressive achievement highlights the success of the platform, which was founded in 2012 and is now the largest music streaming service in the Middle East and North Africa. This article will provide an overview of Anghami’s profile and successes, along with the company’s plans for the future.
Background of Anghami
Anghami is a music streaming platform based in Abu Dhabi, United Arab Emirates. Founded in 2012, the company first launched its music streaming service in Lebanon and then expanded to cover the Middle East and North Africa. Anghami’s mission is to provide an easy and affordable way for people in the Middle East and North Africa to access music. The platform offers a wide selection of music, including both local and international artists, as well as a variety of features such as personalized playlists, artist recommendations, and the ability to download music.
Anghami is owned by the Abu Dhabi-based media and entertainment company Rotana Group. The platform is led by CEO Elie Habib and CTO Paul Papas, both of whom have extensive experience in the technology and media industries. The team is also supported by a strong advisory board, which includes executives from Apple, Google, and Microsoft.
Anghami’s Achievements
Anghami has made significant progress since its launch in 2012. The platform now has more than 1.4 million users and its music library includes more than 35 million tracks. The platform has been successful in attracting users from across the Middle East and North Africa, with more than half of its users coming from Saudi Arabia, the United Arab Emirates, and Egypt.
In addition, Anghami recently raised $220 million in its latest fundraising round, which included investments from Saudi Arabia’s Public Investment Fund, Mubadala Investment Company, and other regional investors. This marks the largest funding round ever raised by a regional music streaming platform and is a testament to the platform’s success.
Anghami’s Expansion Plans
Anghami has ambitious plans for the future. The company recently announced that it will be expanding its services to include video streaming and podcasting, as well as launching a new artist-focused platform called “Anghami Plus”. The company plans to use the funds raised in its latest fundraising round to expand its services and reach more users in the Middle East and North Africa.
Anghami also plans to expand its content library to include more music from local and international artists. The company recently announced a partnership with Universal Music Group, which will provide access to more than one million tracks from the label’s global roster of artists.
Conclusion
Anghami is a music streaming platform based in Abu Dhabi that has experienced tremendous success in recent years. The platform has reached 1.4 million users and raised $220 million in its latest funding round, making it the largest music streaming service in the Middle East and North Africa. Anghami is now expanding its services to include video streaming and podcasting, as well as launching a new artist-focused platform, and is looking to further expand its content library with partnerships with major labels. With its ambitious plans for the future, Anghami looks set to continue its success as a leading music streaming platform.
