Social audio platform Headfone, owned and operated by Diacoustic Labs Pvt Ltd, raised Rs 22Cr as part of its Series A round led by Hashed, a South Korea-based VC firm and Seung Yoon Lee, founder of Radish Fiction. The capital infused will be utilised to fuel up the business and operations.
Headfone is a social audio platform where anyone can record, share, and listen to audios stories. The android app has beeb downloaded by over 50 lakh users across India & 70% of this base is distributed across Tier-II and Tier-III cities.
Simon Seojoon Kim, CEO of Hashed commented post funding, “When a social app is working, it is often clear in the data. Young generations in India are sharing stories and discovering creators they love through Headfone. In such a diverse country like India in terms of both culture and language, user-generated audio contents are bringing the community together to connect.”