Music Platform Humit Raises Pre-Seed Funding From Antler India
Humit, a social music app, announced on Monday that it has secured a pre-Seed round of funding led by Antler India.
Humit is a social music app that is revolutionising the way individuals discover, share, and express their musical tastes. It turns listening to music into a communal experience by allowing users to share the most moving moments from their favourite songs, form micro-communities, and interact with other music fans in whole new ways. Unlike standard streaming platforms that employ algorithms to make suggestions, Humit takes a community-driven approach to music discovery and sharing through user-moderated channels called ‘stations.’. Users from 42 countries have established 500 stations on the site so far.
“Music has a strong social component to it. In fact, one’s musical choice is frequently regarded as boastful. However, no product has yet succeeded in closing the feedback loop for social music sharing. We’re analysing the complexities of exchanging music recommendations with a buddy through Humit, as well as what it means to be able to express oneself through your musical preferences. This is a basic aim of ours, and it is something we believe can be scaled globally. One of the best icebreakers is a shared musical taste, and we’re focused on creating unique experiences around that,” Rohit Ganapathy (Co- founder) said.
Humit was founded in 2020 by BITS Pilani grads and music fans Rohit Ganapathy, Prithvi Sankar, and Ishaan Negi, who noticed that existing social platforms for sharing music were not appropriate for audio consumption. Humit is a social media platform for Spotify users that focuses on music, with extensions for Apple Music, YouTube Music, and SoundCloud in the works.
The music-lovers’ app is gaining ground in India, the United States, and other international markets. Antler led Humit’s pre-Seed round, with participation from First Cheque, led by Farooq Adam (co-founder, Fynd), and angel investors including Alagu Periyannan (CTO, Bluejeans), Sarath Sura (co-founder, Sierra Atlantic), Ankit Mathuria (CTO, Oyo Rooms), Shivakumar Ganesan (co-founder, Exotel), Gajendra Jangid (co-founder, CARS24
“One of the largest trends to monitor is Indian techpreneurs ‘building in India, for the world,’ which we feel will be one of the biggest trends to follow. Humit is pushing the envelope and establishing new social constructs around music that have the ability to impact consumer behaviour and create a new category where none previously existed,” Rajiv added.
Antler, a worldwide early-stage venture capital firm, announced a full-fledged launch in India earlier this year, with intentions to invest $100 million in over 100 Indian entrepreneurs over the next three years.