JMD Telefilms buys online music instruments firm Bajaao.com

Music company JMD Telefilms has acquired Mumbai-based Bajaao.com for Rs 5 crore and plans to invest a further Rs 25 crore in the business to expand its operations. Bajaao.com is five-year-old internet enterprise that sells music gears including guitars, keyboards, percussion and disco jockeying gear.

February 02, 2011 / 18:02 IST

Music company JMD Telefilms has acquired Mumbai-based Bajaao.com for Rs 5 crore and plans to invest a further Rs 25 crore in the business to expand its operations. Bajaao.com is five-year-old internet enterprise that sells music gears including guitars, keyboards, percussion and disco jockeying gear.

Public listed JMD Telefilms said the acquisition is more than just a purchase of catalogues as it is entering the Rs 250-crore music instruments and accessories market. The firm that clocked over 20% growth in net sales for the last two successive years despite facing a tough market due to piracy, expects to accelerate its topline growth during 2011-12 to 30% supported by Bajaao.com.

For the year ended March

first published: Feb 2, 2011 05:41 pm

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