Indian streaming service Saavn is closing $100 million in a new funding round, led by Tiger Global Management.

The company aims to use the capital to drive long-term product development and aggressive customer acquisition. In addition, the company is investing in its proprietary ad technology, growing the sales force, and inking new content deals. 

As well as Tiger Global Management, investors in the Series C round include existing investors Bertelsmann India Investments, Steadview Capital, Liberty Media, and Mousse Partners, plus new global ...