Music streaming app Gaana aims to be operationally profitable in 3 years

Music streaming app Gaana, the largest in terms of market share in India, is eyeing to turn operationally profitable in three years, riding on new user acquisitions.

The platform, which has a 45 million strong library, now has 152 million monthly active users (MAUs). Prashan Agarwal, chief executive officer of Gaana, said he expects this to increase to 165 million by the end of the current fiscal (FY20), and by 2021 Gaana hopes to scale to 225 million MAUs.

Paid users are still a small percentage of the total user base, but are growing rapidly, claimed Agarwal. “We have grown almost four