Dailyhunt collects Rs 180 crore funds from current investors

The news aggregator's investors include Bytedance, Falcon Edge, Goldman Sachs and Advent Management

e4m by exchange4media Staff
Updated: Apr 20, 2020 11:08 AM

Dailyhunt is reported to have raise funds to the tune of Rs 180 crore from current investors Bytedance, Falcon Edge, Goldman Sachs and Advent Management.

According to media reports, leading the round of fundings for the news aggregator is Falcon Edge with Rs 72 crore. The rest of the investors have each picked up stakes worth Rs 36 crore.

The Bengaluru-based company’s talks with SoftBank for funding is said to have not materialised. It’s current valuation has been estimated around Rs 4,164 crore, media reports have said.

The platform started monetising its content via digital ads after roping in Facebook’s Umang Bedi.

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