The parent firm of mainstream news and entertainment application Dailyhunt and short video application Josh, said on Monday it has raised more than $100 million as a feature of a Series H financing round from Glade brook capital partners and Qatar Investment Authority
The declaration follows another $100 million+ venture the startup got from Google, Alpha Wave, and Microsoft in December a year ago. That tranche of speculation, additionally a piece of Series H, had transformed Dailyhunt into a unicorn (giving it a valuation of $1 billion or higher). The startup needs to-date raised about $430 million.
Dailyhunt, co-run by Virendra Gupta and previous Facebook India head Umang Bedi, is a well-known information and diversion application that serves in excess of 285 million clients every day in 14 neighborhood dialects in India. Its compass in India, the world’s second biggest web market, would clarify why Twitter a month ago cooperated with the Indian firm to carry Moments to Dailyhunt.
Facebook dispatched Instagram Reels in India a year ago, and YouTube dispatched Shorts, which is as of now earning over 3.5 billion day by day sees in India, it said a month ago. (With more than 450 million clients in India, YouTube is surrounding WhatsApp’s market lead in India.)
Josh seems to have arisen as one of the main players: The startup says Josh has amassed more than 85 million month to month dynamic clients — 40 million of whom check the application every day — and the application sees more than 1.5 billion video plays ordinary.