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Dailyhunt And Josh Apps Parent Firm Raises $805 Million At $5 Billion Valuation

Dailyhunt And Josh Apps Parent Firm Raises $805 Million At $5 Billion Valuation

04/05/22, 7:02 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgmumbai
Money raised
$805 million
Industry
data and analytics
internet services
At a time when a number of startups are finding it difficult to raise capital, VerSe Innovation, the parent firm of news aggregator app Dailyhunt and short-video app Josh, said on Wednesday it has raised $805 million.

Company Info

Company
Dailyhunt
Location
mumbai, maharashtra, india
Additional Info
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.