The Indian company says its independent artists and label clients roughly doubled to 200,000 last year, with SumoSan Ventures, 10X Global and Marigold Capital joining their seed round.
Willard Ahdritz, Rohan Nesho Jain
Paul Brissman/Courtesy Ahdritz Capital
New Delhi-based distributor Madverse Music Group said on Thursday (June 11) it secured seed funding from a group of investors led by Kobalt co-founder Willard Ahdritz‘s investment firm, Ahdritz Capital.
Founded in 2023 by CEO Rohan Nesho Jain, Madverse provides digital distribution services to independent music clients for a monthly fee starting at $19.99, similar to TuneCore and Distrokid. Jain says where Madverse distinguishes itself is in how it uses AI to enhance its publishing, administration, advertising and other services to keep pace with its rapid growth. Madverse added around 100,000 users over the past 18 months for a total of 200,000 independent artist and label clients across more than 40 countries.
