VerSe Innovation, the parent firm of popular news and entertainment app Dailyhunt and short video app Josh, said on Monday it has raised over $100 million as part of a Series H financing round from Qatar Investment Authority and Glade Brook Capital Partners.
The announcement follows another $100 million+ investment the startup secured from Google, AlphaWave, and Microsoft in December last year. That tranche of investment, also part of Series H, had turned Dailyhunt into a unicorn (giving it a valuation of $1 billion or higher). The startup has to-date raised about $430 million.
Dailyhunt, co-run by Virendra Gupta and former Facebook India head Umang Bedi, is a popular news and entertainment app that serves more than 285 million users each day in 14 local languages in India. Its reach in India, the world’s second largest internet market, would explain why Twitter last month partnered with the Indian firm to bring Moments to Dailyhunt.