Microsoft and Google participated in a round for the news aggregator's parent company, Verse Innovation, that will support its short-form video app.
Verse Innovation, the India-based parent company of news aggregator app Dailyhunt, has raised over $100m from investors including internet technology provider Google and diversified software producer Microsoft, the Economic Times reported yesterday.
Investment manager Falcon Edge’s Alpha Wave Incubation subsidiary also participated in the round, as did investment firm Sofina Group and Lupa Systems, the investment vehicle for former media executive James Murdoch. The cash was secured at a valuation above $1bn.
Formerly known as Newshunt, Dailyhunt is a mobile…
