Business Standard

How vernacular platform Dailyhunt plans to take on Facebook in Bharat

The vernacular platform's parent VerSe has become a unicorn after over $100 mn funding from Google, Microsoft and others

Dailyhunt CEO and Virendra Gupta (right) and co-founder Umang Bedi
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Dailyhunt CEO and Virendra Gupta (right) and co-founder Umang Bedi

Samreen Ahmad Bengaluru
Local language content and news aggregator platform Dailyhunt is ending 2020 on a high. Flush with over $100 million in funding from technology giants Google and Microsoft along with AlphaWave, a unit of Falcon Edge Capital, its parent VerSe Innovation has become the latest unicorn coming out of India and the first in the local language space.

It is learnt that AlphaWave led the round pumping in $50 million followed by Google's around $30 million and Microsoft's $10 million with some commercial arrangement. Sequoia Capital which is an existing investor did not participate in the round.

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