Issue link: http://endeavor.uberflip.com/i/317370
ENTREPRENEURS Elie Habib Eddy Maroun FOUNDED 2012 INDUSTRY Technology EMPLOYEES 18 SELECTED 2013 "We saw an opportunity to revolutionize the way we listen to music in the Middle East." COMPANY SNAPSHOT Anghami is the mobile streaming music application in the Middle East. Anghami offers music enthusiasts the opportunity to listen to millions of Arabic and English tracks from the convenience of a mobile phone. Anghami's music library features licensed content from leading Arabic labels such as Rotana and Mazzika, as well as from major international labels including Sony, Warner, and Universal. With over four million users to date, Anghami is the number one legal music service in MENA. ENDEAVOR & ANGHAMI Endeavor connected the entrepreneurs with seasoned experts in the tech and music industries, such as Edgar Bronfman, Jr. (former Chairman and CEO of Warner Music Group) who proved to be instrumental for their strategy. Endeavor is building an advisory board for the company based on specific needs identified through their selection process. NEWS In 2013, Anghami raised $1.75M from a regional strategic investor. Anghami recently launched an industry-disrupting bundle combining music and 3G data at a minimal monthly fee of $1. The $1 model is being solicited by many telecom operators in the region. Anghami signed with a large music aggregator which will increase the app's library from 4M to 10M tracks by the second half of the year. ENDEAVOR LEBANON ENTREPRENEURS 48