Headfone, an audio OTT platform, has raised $10 million in its Series B round led by Elevation Capital. The round also saw participation from Hashed, an existing investor, and prominent angels such as Ajit Mohan, Biswa Kalyan Rath and Anshumani Ruddra.
The fresh funds will be used to diversify content offerings across languages and to expand across genres, Headfone said in a press release.
Founded in 2018 by Pratham Khandelwal and Yogesh Sharma, Headfone offers audio dramas in fiction genres like horror, thriller, romance, etc.
The Bengaluru-based startup currently offers content in Hindi. It onboards creators (writers, voice artists and sound engineers) and provides them with tools to create high-quality content. The resulting content is released as audio shows, with some of the top shows running into 100s of episodes.