India: Dailyhunt nabs $23.5m funding from Falcon Edge, Bytedance, others

India: Dailyhunt nabs $23.5m funding from Falcon Edge, Bytedance, others

Photo: Pramugdha Mamgain/DealStreetAsia

News and local language content platform Dailyhunt has raised about $23.5 million (Rs 180 crore) in a Series G funding round from existing investors, including Bytedance, Falcon Edge, Goldman Sachs and Advent Management, according to its regulatory filings sourced by paper.vc.

Dailyhunt has allotted a total of 1.38 lakh Series G1 convertible preference shares to the investors to raise the aforesaid amount, the filings show. Falcon Edge has led the current round by contributing about Rs 71.85 crore while Bytedance, Goldman Sachs Asia and Advent Management Belgium have pumped in Rs 35.92 crore each into the Bengaluru-based startup.

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