Audio Ott Platform Headfone Raises $10 Million In Funding Led By Elevation Capital

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The company said it will use the funds to establish its presence in other languages. Khandelwal went on to add that the company would focus on linguistic expansion, genre-specific expansion and product enhancement going forward. Further, the company said that popular fiction genres like horror, fantasy and thriller are expensive to create and difficult to get right in video format whereas the same genres can be quickly produced in audio drama format, and still give an immersive and imaginative experience to listeners. The company claimed that there are currently three million monthly active users on Headfone with 52 minutes as average daily time spent per active user on the app. Audio OTT platform, Headfone on Tuesday said it has raised $10 million in Series B funding led by Elevation Capital. Founded in 2018 by former Facebook software engineers, Pratham Khandelwal and Yogesh Sharma, Headfone is an audio OTT platform that primarily offers audio dramas in fiction genres like horror, thriller, romance, and so on.