Dailyhunt chases down $100m in series H

Feb 9, 2021 • Edison Fu

The ByteDance, Google and Microsoft-backed owner of news aggregator platform DailyHunt was valued above $1bn as of two months ago.

Verse Innovation, the India-based operator of news app Dailyhunt, which counts corporates ByteDance, Google and Microsoft as investors, has secured more than $100m in series H funding, the Economic Times reported today.

Alternative asset manager Glade Brook Capital Partners and sovereign wealth fund Qatar Investment Authority co-led the round, which included Canaan Valley Capital and Sofina Group.

Founded in 2007, Verse’s lead product is a news reader app dubbed Dailyhunt (previously Newshunt) that creates a personalised news feed available in…

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Edison Fu

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

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