Headfone, an audio platform with a YouTube-like feature allowing the subscribers to upload music and other content on the app has raised seed funding of $750,000, the key investor being Fosun RZ Capital of China. Promoted by Diacoustic Labs Private Limited, the company hopes to use the funds now raised to expand its business through increasing the headcount, bring improvements in the technology employed within the app and invest in an aggressive campaign to have a broader base of users across the country.
The Headfone app allows you to record and share audio clips or just listen to the ones available on the platform. The promoters, Pratham Khandelwal and Yogesh Sharma were with Facebook earlier before venturing on their own to start Headfone in 2017.
â€śAs part of our daily routine, we spend a significant amount of time commuting, cooking, using computers or exercising. These are times when our eyes are busy or tired but ears are free to listen. We see a strong demand for audio content at such times. Since the next hundred million Indians coming online will be more comfortable with regional languages as opposed to English, we are building Headfone for easing access to vernacular audio content,â€ť Pratham Khandelwal, CEO and Co Founder, Headfone said.
The app has been downloaded half a million times from the Android Play Store, it is claimed. Headfone says the average daily listening time per user is around 50 minutes.
The content on the platform would be of a mixed nature, catering to the needs of the urban and rural listeners and can have stories, poetry and podcasts in subjects ranging from business and finance to practically anything. This is just the beginning for the company, and they plan to keep making changes to their platform as they learn from their experience and receive customer feedback.
Headfone was also part of Axilorâ€™s 8th edition of Accelerator Cohort Winter..