
Indian streaming music service Saavn has provided its latest stats in a Forbes interview, revealing it now has 10m monthly active users around the world, with 500k new users signing up every month. Its iOS and Android apps are doing 10k downloads a day. But just as interesting are the company’s financial figures: it claims that revenues in 2011 were in “single-digit millions”, but that they will reach $1m a month by the end of this year – helping the company become profitable by mid-2013.