Dailyhunt raises Rs 180 Cr; valuation gets close to Rs 4,200 Cr

Date posted: Thursday 7 May 2020

Vernacular-focused news aggregator Dailyhunt has raised Rs 180 crore from existing investors Bytedance, Falcon Edge, Goldman Sachs and Advent Management. This Series G round seems to be an ongoing one and Dailyhunt could raise more capital in the coming weeks. The proceeds will help the firm to expand its offerings at a time when users are spending more time on news and information due to lockdown.

(Entrackr)