Eight

Eight

Online radio streaming platform

Founded

2021

Headquarters

Gurugram (India)

Status

Series A

Company Details

Eight is a pioneering audio technology startup redefining how Indians create, share, and consume audio content. TheEightNetwork operates in the rapidly growing audio entertainment and technology sector, with a primary focus on the Indian market but ambitions for broader reach.

Business Model & Revenue Streams

  • Advertising: As user engagement and listenership grow, Eight can monetize through audio ads, sponsored content, and brand partnerships within live streams and recorded sessions.

  • Creator Monetization: The platform may introduce features allowing creators to monetize their stations via tips, paid subscriptions, or premium content, with Eight taking a commission.

  • Premium Subscriptions: Offering ad-free listening, exclusive content, or advanced broadcasting tools for a subscription fee.

  • Event Sponsorships: Hosting branded audio events, talent hunts, or contests (like "Unmute") with sponsorship from brands seeking to reach engaged audio audiences.

Customer Segmentation

  • B2C: Individual creators (singers, storytellers, poets, DJs, podcasters) and listeners seeking interactive, community-driven audio experiences.

  • B2B: Brands and advertisers targeting niche audio audiences, and potential partnerships with content houses, music labels, or event organizers.

Growth Strategy

  • Market Expansion: Targeting India’s 250 million+ streaming audio app users, with plans to reach 1 million listeners in the near term.

  • Product Innovation: Continuous enhancement of the Eight App’s broadcasting, engagement, and discovery features to attract and retain both creators and listeners.

  • Community Building: Fostering a strong creator and listener community to drive organic growth and network effects.

  • Talent Discovery: Hosting exclusive contests and reality shows to surface new audio talent and boost platform visibility.

  • Partnerships: Collaborating with brands, artists, and event organizers to create unique, interactive audio experiences.

Conclusion

Eight is at the forefront of India’s audio entertainment revolution, offering a unique, interactive social radio experience that empowers anyone to become a creator and build a following. With rapid early growth, innovative features, and a strong founding team, Eight is well-positioned to disrupt the audio content landscape, bridging the gap between creators and listeners in ways traditional platforms cannot. Its open, community-driven model, focus on real-time engagement, and creator empowerment make it a compelling opportunity for investors, researchers, and industry professionals looking to tap into the next wave of digital audio innovation in India.

Key People

Mohit Goswami

Mohit Paliwal

Yugal Tamang

Key Metrics

Total Equity Funding

$2.08 Million

No. of Funding Rounds

2

Latest Funding Round

$1.7 Million, Series A

as of December 12, 2022

Post Money Valuation

$7.41 Million

as of December 30, 2022

Funding Multiple

3.56

as of December 30, 2022

Investors

Kae Capital

and 3 more

Employee Count

53

Similar Companies

Headfone

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
December 12, 2022Series A $1.7 Million$7.4 Million$15.4 K362.9x Kae Capital, Venture Highway , Wellfound, Shanti Informatics, Angel List
August 18, 2021Seed$403.0 K$2.7 Million--Venture Highway ,OCFO

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