Bytedance-backed news and literary content aggregation service Dailyhunt reportedly increased its overall funding to $140m, after Sofina invested at a $534m valuation.

Dailyhunt, an India-based news and literary content portal backed by digital media company ByteDance, has secured $22m from investment firm Sofina at a $534m valuation, TechCircle has reported.

The cash was supplied last month and comes on top of $35m from investment bank Goldman Sachs. Both are part of a round reports in March this year suggested had a $173m target, and the company is in talks to raise $150m from telecommunications and internet group SoftBank according to LiveMint.

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