The corporate-backed operator of multilingual news portal Dailyhunt and short video app Josh secured its latest funding in a round that valued it at almost $3bn.

VerSe Innovation, the India-based news aggregator owner backed by corporates ByteDance, Google and Microsoft, has raised more than $450m in series I funding, Inc42 reported today.

Baillie Gifford, B Capital Group, Qatar Investment Authority, Siguler Guff, Sofina and Carlyle Asia Partners Growth II also took part in the round, which boosted the company’s valuation to nearly $3bn, a source privy to the development told TechCrunch.

Founded in 2007, Verse runs Dailyhunt, the news platform formerly known as Newshunt, which curates…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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