Mumbai: VerSe Innovation, the parent company of online news aggregator Dailyhunt and short-video platform Josh, has raised $450 million in a funding round led by Siguler Guff, Baillie Gifford, affiliates of Carlyle Asia Partners Growth II, Bay Capital and IIFL.

Existing investors Sofina Group, Qatar Investment Authority and BCap also participated in the round that has seen its valuation double from the previous fundraise, the company said in a press statement. VerSe will use the capital to grow its short-video platform Josh, strengthen its technological platform and to broaden its AI/ML and data science capabilities across all user, engagement and retention metrics, drive further on monetization including ecommerce and live streaming, the company said in a release. At the time the company was valued at over $1 billion.

https://m.dailyhunt.in/

Dailyhunt Parent Gets $450 Million In New Funds As Valuation Doubles

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Dailyhunt Parent Gets $450 Million In New Funds As Valuation Doubles

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