Madverse Music Group, a Delhi-headquartered music distribution, publishing and marketing company, has closed its first institutional funding round. The investment was led by Willard Ahdritz, founder and chairman of Kobalt Music Group, through his investment vehicle Ahdritz Capital. Ahdritz will join the company’s board of directors once the transaction is finalized.
The size of the raise was not disclosed. Other participants in the round included SumoSan Ventures, Indian consulting firm 10X Global and Dubai-based Marigold Capital.
The capital will be used to expand Madverse’s AI-powered technology, rights management, distribution and artist services worldwide.
Founded in 2023 by CEO Rohan Nesho Jain, Madverse set out to reshape the independent music sector in India. The company now claims to represent over 200,000 independent artists and labels from more than 45 countries. Beyond distribution, its offerings include marketing, social media management and artist funding. A partnership with Kobalt, signed in January, added sync licensing, publishing administration and royalty collection to its services.
Jain said: “Madverse was born with one purpose: to build the most powerful, most accessible independent music ecosystem in the world, starting from India. Willard joining this journey is a defining moment for Madverse and a statement to the entire industry. He fundamentally changed what independence in music could mean for an artist. The next independent wave will be led from India, and Madverse will be at the center of it.”
