MENA Spotify Rival Anghami Eyes Further Expansion Following Strategic Investment By SRMG Ventures
deadline.comAnghami, the Arab world’s answer to Spotify, is eyeing further expansion following a fresh $5 million investment by SRMG Ventures.
It marks the third investment by the venture capital arm of Riyadh-registered company SRMG, which bills itself as the largest integrated media group in the Middle East and North Africa (MENA).
Anghami was launched in 2012 by Lebanese tech entrepreneurs Eddy Maroun and Elie Habib as the Arab world’s first legal music streaming platform.
It has since expanded its activities into in-house productions, branded music and video content, concerts and live events, a record label for Arab artists, podcasts, a music lounge with live entertainment, exclusive and original Arabic content, along with its renowned music streaming service.
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