Dailyhunt parent VerSe becomes unicorn after funding from Google, Microsoft

Technology giants Google and Microsoft along with AlphaWave, a unit of Falcon Edge Capital, have invested over $100 million in vernacular content platform Dailyhunt parent VerSe Innovation, making it the first startup for local languages to hit the unicorn milestone.

Existing investors Sofina Group and Lupa Systems also participated in the round. Other investors of VerSe Innovation include Matrix Partners India, Sequoia Capital India, Falcon Edge Capital and Goldman Sachs.

The new funding comes at a time when VerSe Innovation is expanding its family of apps through its leading short video platform Josh, which is available in 12 local languages. The company