Audio OTT platform Headfone has raised $10 Mn in Series B funding led by Elevation Capital. The round also saw participation from Hashed, an existing investor, as well as prominent angels such as Ajit Mohan (Founding CEO, Hotstar), Biswa Kalyan Rath (Entertainer) and Anshumani Ruddra (Group PM, Google).
As the company offer only Hindi content now, it aims to leverage the funding to diversify it across languages and expand across genres.
Commenting on this, Yogesh Sharma, CTO of Headfone said, “What we have built is a decentralized online platform where multiple artists, namely writers, voice actors and sound engineers seamlessly collaborate with each other to create audio dramas in a scalable, time-efficient and cost-effective manner.”
Founded in 2018 by former Facebook software engineers, Pratham Khandelwal and Yogesh Sharma, Headfone primarily offers audio dramas across several genres.