Dailyhunt news aggregator website has raised Rs 180 Cr in Series G funding by existing investors Bytedance, Falcon Edge, Goldman Sachs and Advent Management.
According to the ministry of corporate affairs filing Dailyhunt has raised Rs 71.85 Cr from Falcon Edge which is the lead investor with Rs 35.92 Cr investment each by Goldman Sachs, ByteDance and Sofina. For this 179.6 Cr investment Dailyhunt has issued 55,294 shares to Falcon Edge and ByteDance, Goldman Sachs, Sofina acquired 27,647 shares from Dailyhunt at a price of INR 12,965 with a nominal price of INR 30.
Dailyhunt news application is available in many vernacular languages like Gujrati, Nepali, Marathi in India, other than this company also operates in other countries like Sri Lanka, Nepal, Bangladesh.
Dailyhunt which is available for the user over more than 14 languages pulls the news from other online news and media platforms, Only m.dailyhunt.in gets monthly traffic around 31.22 million, so we can understand the potential of vernacular languages around the region in India.
Company Newshunt which was founded in 2009 but after some time it got acquired by Verse in 2012 and then rebranded as Dailyhunt in 2015.
Also Read: The Morning Context Raises Seed Funding
