Fosun RZ Capital has invested $750,000 in Bengaluru-based social-audio Android app Headfone in a seed round. With over half a million downloads, Headfone’s daily active user spends around 50 minutes on the platform on a daily basis.
Founded by former Facebook engineers Pratham Khandelwal and Yogesh Sharma, the startup is now planning to use this fund to develop and improve its team, recommendation features and scale across India. (Source)
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