Dailyhunt

Curating news from around the country, DailyHunt is an application that has its unlisted shares available for purchase on the Minance Private Market.
Bengaluru-based DailyHunt, was founded in 2009 as Newshunt and renamed in mid-2015. It is a local news aggregator, operating in 14 languages, over 1,300 publications, and claims to have almost 263 million monthly active users. It is also used in countries like Sri Lanka, Bangladesh, Nepal, and some African countries.
Virendra Gupta, co-founder and CEO of DailyHunt, bet on India’s diversity of languages to create a mobile app that publishes news, videos and content across 14 languages. Digital advertisers have taken to the managed technology platform. In 2018, he brought Umang Bedi as co-founder and president of DailyHunt. The company faces intense competition from big tech platforms like Facebook and YouTube.
It has managed to raise funding from various giants such as Sequoia Capital India, Matrix Partners, etc. One such investment of ₹870 crores in December 2018.
April 2020, DailyHunt raised ₹180 crores in Series G funding round by Falcon Edge, which also included participants like Goldman Sachs and Chinese ByteDance. Furthermore, it passed a resolution to offer its unlisted shares to Advent Management (Sofina Group), issue and allot its unlisted shares 29,450 Series G at a price of ₹30, along with a premium of ₹12,965.84 per unlisted share worth $38.27crores. Moreover, in May 2020, James Murdoch’s Lupa India invested ₹267.1 crores in the news aggregator. DailyHunt will be allocating 205,523 preference shares and 10 equity shares at a price of ₹12,995.84 per share, to Lupa India Holdings LLC, giving it a 5.7% stake on a fully diluted basis. These funds from Lupa Holdings will help DalilyHunt in getting more content for the business and get ahead of its competitors like Google News, Flipboard, Inshorts, and other news apps. With this investment in their unlisted shares, DailyHunt has raised around ₹485 crores, and its valuation reaching up to ₹4,686 crores.

 1,000.00

Add to wishlist
Category:

Curating news from around the country, DailyHunt is an application that has its unlisted shares available for purchase on the Minance Private Market.
Bengaluru-based DailyHunt, was founded in 2009 as Newshunt and renamed in mid-2015. It is a local news aggregator, operating in 14 languages, over 1,300 publications, and claims to have almost 263 million monthly active users. It is also used in countries like Sri Lanka, Bangladesh, Nepal, and some African countries.
Virendra Gupta, co-founder and CEO of DailyHunt, bet on India’s diversity of languages to create a mobile app that publishes news, videos and content across 14 languages. Digital advertisers have taken to the managed technology platform. In 2018, he brought Umang Bedi as co-founder and president of DailyHunt. The company faces intense competition from big tech platforms like Facebook and YouTube.
It has managed to raise funding from various giants such as Sequoia Capital India, Matrix Partners, etc. One such investment of ₹870 crores in December 2018.
April 2020, DailyHunt raised ₹180 crores in Series G funding round by Falcon Edge, which also included participants like Goldman Sachs and Chinese ByteDance. Furthermore, it passed a resolution to offer its unlisted shares to Advent Management (Sofina Group), issue and allot its unlisted shares 29,450 Series G at a price of ₹30, along with a premium of ₹12,965.84 per unlisted share worth $38.27crores. Moreover, in May 2020, James Murdoch’s Lupa India invested ₹267.1 crores in the news aggregator. DailyHunt will be allocating 205,523 preference shares and 10 equity shares at a price of ₹12,995.84 per share, to Lupa India Holdings LLC, giving it a 5.7% stake on a fully diluted basis. These funds from Lupa Holdings will help DalilyHunt in getting more content for the business and get ahead of its competitors like Google News, Flipboard, Inshorts, and other news apps. With this investment in their unlisted shares, DailyHunt has raised around ₹485 crores, and its valuation reaching up to ₹4,686 crores.