Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

News & Content App Dailyhunt Raises Rs 180 Cr Funding Led By Bytedance, Others

This Series G round is by all accounts a continuous one and Dailyhunt could bring increasingly capital up in the coming weeks.

Photo Credit :

1586266074_lSAD63_672z311_1550451519_shutterstock_234717916.jpg

News and content application Dailyhunt has raised Rs 180 crore from existing financial specialists Bytedance, Falcon Edge, Goldman Sachs and Advent Management. 

As indicated by administrative filings, the organization has dispensed 1.38 lakh Series G1 convertible inclination offers to raise Rs 179.6 crore. Driving the round, Falcon Edge has contributed Rs 72 crore while Bytedance Limited, Goldman Sachs Asia and Advent Management Belgium have gotten stake for Rs 36 crore each. 

Dailyhunt is a news total application accessible across numerous vernacular dialects, for example, Marathi, Gujrati, Nepali among others. Other than India, it works in nations including Sri Lanka, Nepal, Bangladesh, and some African nations. 

This Series G round is by all accounts a continuous one and Dailyhunt could bring increasingly capital up in the coming weeks. The returns will assist the firm with expanding its contributions when clients are investing more energy in news and data because of lockdown. 

While the organization has purportedly been in chats with US-based Alpine Capital for a new round, Entrackr's sources state that the discussion is at a beginning time. 

Preceding this, Dailyhunt was in chats with SoftBank to close a series of over $150 million. In any case, after the WeWork disaster, SoftBank pulled out of a few continuous arrangement discussions incorporating the ones with Dailyhunt.


Tags assigned to this article:
Dailyhunt funding