EDUCATION
He was taken a BS in biology education from Washington University in St. Louis.
AWARDS AND HONORS
- Saavn is the largest streaming music company in the world in 2017
- Digital power players in 2019 listed by billboard
- Saavn is nominated in Forbes and Forbes India
SUCCESS STORY
Rishi Malhotra every day, except when he is traveling for work, he plays his red electric guitar dutifully. Sometimes he uploads a short video of himself playing on Instagram.
While in college, he had been thinking about a corporate job. Malhotra finished his credits a semester early and worked as an intern at stock brokerage firm Smith Barney.
The internship led to a management consultant
job at PwC in new york in 1998. After two years he was working with companies, helping them manage their businesses and growth. Then he joined the internet consultancy Proxicom.
One of his clients at Proxicom was HBO. They approached Malhotra to take charge of their new venture, HBO on demand, one of America's first video-on-demand services. Malhotra joined in 2004. Which was his first step in the business side of entertainment.
After that, He created the prototype for the app in 2010. Malhotra remembers handing the phone to his mother and asking her to search for any song.
2010 Saavn.com was launched as a streaming service in 2010 with about 150,000 songs. The early numbers were small - 20,000 to 30,000 a month. Today it has close to 36 million tracks in 15 languages.
In March 2018, Saavn merged with Jiomusic in a deal worth more than $1 billion. The merger was completed in December 2018, with Saavn being rebranded as Jiosaavn.
The business you are building coupled with the team you have are the two critical factors of getting capital.
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