Anghami confirms that it is raising a new round and also considering acquisition offers from multiple parties

Anghami confirms that it is raising a new round and also considering acquisition offers from multiple parties

Anghami, the leading music streaming service of the Middle East & North Africa has confirmed to MENAbytes that it has signed JPMorgan to work on their next round of funding and is also considering multiple acquisition offers by multiple parties.. The development was confirmed by Elie Habib, the co-founder of the Beirut-based startup, in a conversation with MENAbytes.. We don't have the latest data on the company's revenues and users but it had 21 million users and 1 million paying subscribers in 2019 Q1 and the company was on track to do over $20 million in revenue in 2017 .. Kuwait Projects Company (KIPCO), the company that owns a majority stake (60.5 percent) in OSN, had signed bankers to sell its entire stake in the company..