Anghami, the music streaming platform based in Abu Dhabi, United Arab Emirates, announced an impressive milestone: they reached 1.4 million users and raised $220 million through a fundraising round. This remarkable success underscores Anghami’s rise since 2012 to become the largest music streaming service throughout Middle East and North Africa. In this article we’ll give an overview of their achievements so far, as well as their plans for the future.
Background of Anghami
Established in 2012 by Elie Habib and Eddy Maroun, Anghami offers an easy and affordable way for people in the Middle East and North Africa to access music. Initially launched in Lebanon, then expanded throughout the region, its library now contains more than 35 million tracks featuring both local and international artists. Furthermore, users can benefit from features like personalized playlists, artist recommendations, as well as download music.
Anghami’s Ownership and Leadership
Anghami is owned by Abu Dhabi-based media and entertainment company Rotana Group, with CEO Elie Habib and CTO Paul Papas leading the platform with extensive expertise in these industries. Additionally, they are supported by an impressive advisory board which includes executives from Apple, Google, and Microsoft.
Anghami’s Achievements
Since its launch in 2012, Anghami has made remarkable progress. With more than 1.4 million users from across the Middle East and North Africa – with more than half coming from Saudi Arabia, UAE, and Egypt – its success has been recognized by investors who recently invested $220 million into a regional music streaming platform – marking the largest fundraising round ever raised for such an entity.
Anghami’s Expansion Plans
Anghami has big ambitions for the future. Recently, they announced that they will be expanding their services to include video streaming and podcasting, as well as launching “Anghami Plus,” an artist-focused platform. Furthermore, with funds raised during their latest fundraising round, they hope to reach even more users across Middle East and North Africa with these improvements.
Anghami also plans to broaden its content library with music from local and international artists. Recently, they announced a partnership with Universal Music Group which will grant them access to over one million tracks from their global roster of artists.
Conclusion
Anghami is the leading music streaming platform in Middle East and North Africa, boasting over 1.4 million users and a $220 million fundraising round. The platform’s success can be attributed to its mission of providing an easy, affordable way for people in the region to access music, its wide selection of tracks, and various features. Now Anghami is expanding its services with video streaming, podcasting, launching an artist-focused platform, and partnering with major labels to expand its content library.
