Indian Music Streaming App Damroo Secures Funding, Backed By Marwari Catalysts And Dr. Kumar Vishvas

Damroo, India's first regional and independent music streaming app, has recently announced successful funding in its latest round. The investment comes from notable investors, including Marwari Catalysts and Dr. Kumar Vishvas. This funding marks a significant milestone for Damroo and demonstrates the growing interest in supporting regional and independent music platforms in India. With this financial backing, Damroo aims to enhance its offerings, expand its user base, and provide a platform for aspiring artists to showcase their talent.

“Despite the entertainment and music industries scaling fresh heights, there is persistent struggle among independent talents in our country. While they are deprived of a level-playing field due to streaming giants’ populist approach, regional audience too, which is buzzing with aspirations and resources, remains very poorly served. In other words, as I always say -the richest Bharat is poorly served, and we are here to fill this void. We are encouraged by the faith shown in Damroo by all investors” said Ram Mishra, Founder and Managing Director of Damroo.

Damroo has emerged as a revolutionary music streaming platform that focuses on promoting regional and independent music artists across India. Unlike mainstream platforms that predominantly feature popular Bollywood and international music, Damroo strives to bring the spotlight to the rich diversity of regional music genres. By doing so, it aims to bridge the gap between established artists and emerging talents, providing them with equal opportunities for exposure.

Sushil Sharma, Founder of Marwari Catalysts, a startup accelerator with 60+ portfolio startups, added, “We have been instrumental in the growth of country’s D2C space by strengthening startups with products built by Bharat, for Bharat. We relate with Damroo’s ethos to cater specifically to artists, audience and brands/businesses alike in the regional and vernacular space.  Ram’s diverse and rich experience of 20 years in the Indian music industry further ticks the critical founder-business fit aspect. Furthermore, this investment is a manifestation of our undeterred zeal to support home grown brands amid the prevailing competitive scenario.”

Dr. Kumar Vishvas, a celebrated Indian poet, motivational speaker, and former member of the Aam Aadmi Party, has also joined the group of investors supporting Damroo. Driven by his passion for promoting regional and independent arts, Dr. Vishvas recognizes the cultural significance of Damroo's platform. Through his involvement, he aims to encourage aspiring artists and give them a platform to showcase their talent and reach a wider audience.

Damroo's recent funding announcement, supported by Marwari Catalysts and Dr. Kumar Vishvas, highlights the growing interest in promoting regional and independent music in India. With its unique focus on regional genres and dedication to providing a platform for emerging talents, Damroo is revolutionizing the music streaming landscape. As the app continues to evolve, it promises to bring forth a diverse range of music to its users while creating opportunities for aspiring artists to gain recognition on a national scale. The support from esteemed investors and the involvement of influential figures like Dr. Kumar Vishvas indicate a promising future for Damroo and the regional music industry as a whole.