Headfone
Helps to create and share the audio content with listeners.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | $10.0m | Series B | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 114 % | 176 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Headfone operates as a social audio platform and an audio over-the-top (OTT) service, positioning itself in the Indian digital entertainment market. The company was established in 2017 by Pratham Khandelwal and Yogesh Sharma, both of whom are alumni of the Indian Institute of Information Technology, Allahabad, and previously worked as software engineers at Facebook. Their experience in a content-centric and social-focused environment at Facebook influenced their decision to venture into the audio content space. The Bengaluru-based company began its journey by bootstrapping before securing external funding.
The core of Headfone's business is its mobile application, which provides users with a platform to listen to a wide array of audio content. The library includes audio dramas, stories, and podcasts across multiple genres such as romance, horror, thriller, and religion, primarily in Hindi and other vernacular languages. This focus on regional languages targets the significant user base in Tier-2 and Tier-3 cities in India. Beyond consumption, the platform has a social component, enabling users and creators to record, share, and distribute their own audio shows, complete with background music and sound effects. This dual functionality serves both listeners seeking entertainment and amateur creators looking for a platform to publish their work.
The business model appears to be centered on in-app purchases and a subscription model, providing access to premium content. The platform also serves as a collaborative space for writers, voice artists, and sound engineers to produce original audio series. Headfone has successfully raised capital through several funding rounds, including a significant Series B round of $10 million in April 2022, led by Elevation Capital. These funds are directed towards diversifying content offerings into more languages and genres, enhancing the product, and expanding the team.
Keywords: audio OTT, social audio platform, audio dramas, Hindi stories, vernacular content, Indian podcast app, audio storytelling, user-generated audio, content creation platform, digital entertainment India, Pratham Khandelwal, Yogesh Sharma, Elevation Capital, audio series, mobile entertainment, fiction podcasts, romance stories, horror audio, thriller podcasts, vernacular podcasts