Led by subscriptions, Spotify India posts Rs 16 Cr in revenue in FY20 https://entrackr.com/2021/09/led-by-subscriptions-spotify-india-posts-rs-16-cr-in-revenue-in-fy20/ #FINTRACKR #MUSICSTREAMING #REVENUE #SPOTIFY #entrackr #Lateststartupnews #startupfundingnews Spotify entered into the Indian market in February 2019 and has recently disclosed its financial performance for the first year (FY20). Spotify India makes money through subscriptions and advertising. Income from subscriptions contributed about 65% (Rs 9.75 crore) and Rs 6.37 crore from advertising, to the total revenue in FY20.