JioSaavn becomes India’s answer to Spotify and Apple Music

India finally has its answer to Spotify afterReliance Jio merged its music service with Saavn, the startup it acquired earlier this year.
The deal itself isn’t new — it was announced back in March — but it has reached its logical conclusion after two apps were merged to create a single entity, JioSaavn, which is valued at $1 billion. For the first time, India has a credible rival to global names like Spotify and Apple Music through the combination of a venture capital-fund